Report says Michael Page sale possible over 600p

Tue Aug 19, 2008 7:45pm BST

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ZURICH (Reuters) - Michael Page International (MPI.L) Chief Executive Steve Ingham was quoted as saying a sale of the company to Swiss staffing group Adecco SA (ADEN.VX) could be possible at a price of 600 pence per share or more.

When asked by Swiss newspaper Finanz und Wirtschaft if he still thought a sale of the recruitment company was a possibility for a price starting at 600 pence per share, as he did two years ago, Ingham said: "Yes.

"I am, however, only a small shareholder. Besides me there are much larger shareholders. Adecco has to make them an attractive offer," Ingham told Finanz und Wirtschaft, in an interview released to the media on Tuesday.

Adecco declined to comment on the report.

Ingham said on Monday the group's rejection last week of Adecco's 400 pence per share or 1.3 billion pound offer proposal was "not the end of the matter." Adecco has refused to rule out the possibility of going hostile.

(Reporting by Andrew Thompson, editing by Gerald E. McCormick)

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