SThree Rejects Circle8 Takeover Bid
Recruiter SThree unanimously rejected an unsolicited takeover approach from Circle8 Group. The firm stated the proposal significantly undervalues its future prospects.
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STHREE PLC rejected an unsolicited all-cash takeover bid from United States-based Circle8 on Friday, arguing the proposal undervalues the British firm. The recruiter holds a market value of £336 million ($453.77 million).
