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Japan's Persol makes $600 mln bid for Australian recruiter Programmed Maintenance
July 14, 2017 / 12:19 AM / 4 months ago

Japan's Persol makes $600 mln bid for Australian recruiter Programmed Maintenance

SYDNEY, July 14 (Reuters) - Japanese recruitment company Persol Holdings Co Ltd has made a A$778 million ($600 million) takeover bid for Australian recruiter Programmed Maintenance Services Ltd, the target company said on Friday.

The Programmed Maintenance board said it unanimously recommended the all-cash offer of A$3.02 per share, a 68 percent premium to Thursday’s closing price of A$1.80. ($1 = 1.2922 Australian dollars) (Reporting by Tom Westbrook; Editing by Stephen Coates)

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