Biggest African takeover of a U.S. firm

Steinhoff International is buying Mattress Firm (MFRM) for $2.4 billion in the biggest ever African buyout of an American company. The cash offer will see investors double their money overnight. South Africa-based Steinhoff is paying $64 per share for Mattress Firm. Stock in the big-box retailer, which owns Sleepy’s and Sleep Train, closed at $29.75…

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Randstad to Acquire Monster Worldwide To Transform The Way People And Jobs Connect

Randstad Holding a leading human resources services provider, and Monster Worldwide, Inc., a global leader in connecting jobs and people, announced the signing of a definitive agreement under which Randstad will acquire Monster. According to the agreement, Randstad will pay $3.40 per share in cash, or a total purchase price of approximately $429. With this new step, Randstad…

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Macedonia: 21 die in flash floods, declares emergency

SKOPJE: on Sunday, Macedonia declared a state of emergency in the capital Skopje and neighboring districts after 21 were killed in flash floods caused by a storm. Late on Saturday evening, heavy rain flooded homes and swept away section of the ring road around Skopje and broken down cars. Northern border and center of the…

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