TMP believes that it has already offered HotJobs full and fair value for the company, and that it would not be in the best interests of TMP shareholders to adjust its current offer. Furthermore, TMP continues to believe that its agreement with HotJobs provides the best long-term value for HotJobs shareholders.
Andrew J. McKelvey, TMP Worldwide Chairman and CEO said, ìWhile a combination with HotJobs is attractive to us, we do not see a financial or strategic rationale for modifying our bid for the company. Monster is the leading online recruitment service provider and already is the preferred career content provider for AOL and MSN, the number one and number two Internet portals. With a proven record of performance for users and shareholders alike, we are very comfortable with our prospects. We look forward to competing with HotJobs in this dynamic and growing marketplace.
Monster.com declines to modify offer to acquire HotJobs - 12/2001
Monster.com, today (27.12.01) said that it had notified HotJobs that it will not modify the terms of its previously announced agreement to acquire HotJobs.com, Ltd.