MPS Group Inc. (NYSE: MPS) announced Friday that its shareholders have agreed to a $1.17 billion takeover by the Swiss human resources company Adecco SA, according to Associated Press.
The company will now merge with Jaguar Acquisition Corp., which is a wholly owned subsidiary of Adecco.
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Under the deal, MPS shareholders would get $13.80 per share in cash for each MPS share they own. The deal is expected to close on Jan. 19.
Shares of MPS closed unchanged at $13.78 at Friday’s close.
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