Adecco ?12 Apr 2011 23:20
Rumours amongst Adecco senior mgt team that a serious approach to Hays is imminent. 4 major drivers:
1) Hays' strength in Asia and Australia
2) Synergies with Hays' recruitment specialisms
3) Hays' revolutionary recent back office modernisations
4) Strength of Euro and Hays' current share price makes the deal "affordable"
Bid being explored now. Price of £1.65-1.80+ being discussed.