MPS Group, Inc. (NYSE:MPS) has been approved by its shareholders to merge with Adecco, Inc, and Jaguar Acquisition Corp. Adecco is based in Delaware, and Jaguar Acquisition is a Florida based wholly owned subsidiary of Adecco. The merger is expected to close on Tuesday, January 19, 2010. MPS Group shareholders will receive $13.80 for each share of MPS Group stock they own. For more information regarding the merger, contact Tyra Tutor, MPS Group Senior Vice President Corporate Development, at 904.360.2500.
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MPS Group, Inc. is a provider of business services with over 220 offices in the United States, Canada, the United Kingdom, continental Europe, Australia, and Asia. The Company delivers specialty staffing, consulting and business solutions to virtually all industries, through Modis, Badenoch and Clark, Accounting Principal, Entegee, Special Counsel, Idea Integration, Soliant Health and Beeline. The Company operates in four business segments: North American Professional Services, International Professional Services, North American IT Services and International IT Services. In addition, the Company have a Professional Services and an information technology (IT) Services division. The Professional Services division is comprised of the North American Professional Services segment and the International Professional Services segment. The IT services division is comprised of the North American IT Services segment and the International IT Services segment.
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