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Peoplebank makes off market bid for Ross Human Directions (RHD)
Date: July 19th 2010
On July 19th 2010 Peoplebank lodged a scheme of arrangement offer with the ASX to acquire major Australian recruitment company Ross Human Directions (RHD).
RHD shareholders will vote on the scheme of arrangement on the 14th October 2010, to be successful 75% of RHD shareholders must approve the acquisition.
If successful, the acquisition will create Australia’s largest white collar recruitment company with revenues of over $800m, 600 employees and offices across Australia, New Zealand, Singapore, Hong Kong, The United Kingdom and Ireland.
A successful acquisition will also generate significant benefits for our existing clients, contractors and candidates, with the combined company offering a broad range of specialisations and service offerings.
Importantly for our clients, contractors and candidates it is business as usual through to October.
If the acquisition is successful, you can expect more exciting announcements to be made during late October and beyond.