NEW! Investment Companies Centre

Michael Page boss prices business

Related Companies

Related Indices

Related Sectors

News for Spread Betters

PreviousPrevious
NextNext

There's a new Investor Edition of CMC Markets' spread betting platform... and it's exclusive to DigitalLook.com users...

Get full details about Marketmaker:Investor Edition here. Advertisement

Date: Wednesday 20 Aug 2008

LONDON (ShareCast) - Recruitment group and bid target Michael Page rose more than 14% at one stage Wednesday after chief executive Steve Ingham said Adecco might have to pay 600p a share for the business.

Swiss newspaper Finanz asked Ingham if he thought the company could be sold at a starting price of 600p a share, or nearly £2bn, to which he replied “yes”. That’s the same price he put on the company two years ago.

Earlier this week, Adecco indicated it is considering a hostile bid for Page, having been knocked back twice.

Page rejected a 400p a share unsolicited preliminary approach from the Swiss firm worth £1.3bn on Friday. Adecco had also suggested it pay 400p a share for at least 50.1% of Page, which would retain its stock market listing.

Digital Look have been voted
"Best Research and Information Provider"

4th Floor, Bankside House, 107 Leadenhall Street, London EC3A 4AF.
Registered in England and Wales (registered no. 3678570).