Adecco set Sept 30 deadline for Michael Page bid
LONDON |
LONDON Aug 27 (Reuters) - Swiss recruitment agency Adecco (ADEN.VX) has been set a deadline of 1600 GMT on Sept 30 to decide whether to make a formal offer for British rival Michael Page (MPI.L) following a ruling by the UK's Takeover Panel.
Adecco must either announce a firm intention to make an offer by that date or announce that it doesn't intend to do so. In the latter case, it will be prohibited from making an offer for Michael Page for six months following the announcement. (Reporting by Matthew Scuffham)
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