MILWAUKEE, March 16 /PRNewswire-FirstCall/ -- Manpower Inc.
(NYSE: MAN), a world leader in the employment services industry,
announced today that the applicable waiting period under the
Hart-Scott-Rodino Antitrust Improvements Act of 1976 for Manpower's
proposed acquisition of COMSYS IT Partners, Inc. (Nasdaq: CITP)
expired at 11:59 P.M. on March 15, 2010. As previously announced, on
March 4, 2010, a wholly owned
subsidiary of Manpower commenced an exchange offer for shares of
COMSYS common stock. The exchange offer will expire at 12:00
Midnight New York Time on the evening of April 2, 2010, but may be extended as provided in
the prospectus describing the exchange offer.
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In connection with the exchange offer, Manpower filed a Schedule
TO and Registration Statement on Form S-4 (including the
prospectus) with the Securities and Exchange Commission (SEC) on
March 4, 2010, as amended, and COMSYS
filed a Solicitation/Recommendation Statement on Schedule 14D-9
with the SEC on March 4, 2010.
INVESTORS AND Stockholders are urged to read these documents
carefully because they contain important information about
MANPOWER, COMSYS AND the transaction. Documents filed by Manpower
with the SEC may be obtained without charge at the SEC's website at
www.sec.gov and at Manpower's website at www.manpower.com.
Documents filed by COMSYS with the SEC may be obtained without
charge at the SEC's website and at COMSYS's website at
www.comsys.com. Copies of the exchange offer materials may also be
obtained free of charge from Georgeson Inc., the information agent
for the exchange offer, by calling toll-free at 1-866-316-3688.
About COMSYS
COMSYS IT Partners, Inc. (NASDAQ: CITP) is a leading IT services
company with 52 offices across the U.S. and offices in Puerto Rico, Canada and the U.K. COMSYS service offerings
include contingent and direct hire placement of IT professionals
and a wide range of technical services and solutions addressing
requirements across the enterprise. TAPFIN Process Solutions
delivers critical management solutions across the resource spectrum
from contingent workers to outsourced services.
About Manpower Inc.
Manpower Inc. (NYSE: MAN) is a world leader in the employment
services industry, creating and delivering services that enable
clients to win in the changing world of work. With more than 60
years of experience, the company offers employers a range of
services for the entire employment and business cycle including
permanent, temporary and contract recruitment; employee assessment
and selection; training; outplacement; outsourcing and consulting.
Manpower's worldwide network of nearly 4,000 offices in 82
countries and territories enables the company to meet the needs of
400,000 clients per year, including small and medium size
enterprises in all industry sectors, as well as the world's largest
multinational corporations. The focus of Manpower's work is on
raising productivity through improved quality, efficiency and
cost-reduction across the total workforce, enabling clients to
concentrate on their core business activities. Manpower Inc.
operates under five brands: Manpower, Manpower Professional, Elan,
Jefferson Wells and Right
Management. More information on Manpower Inc. is available at
www.manpower.com.
Forward-Looking Statements
This news release contains statements, including statements
regarding timing, completion and results of the proposed
transaction, that are forward-looking in nature and, accordingly,
are subject to risks and uncertainties. Actual results may differ
materially from those described or contemplated in the
forward-looking statements. Factors that may cause actual results
to differ materially from those contained in the forward-looking
statements include, among others, the risk that the exchange offer
and the merger will not close; the risk that Manpower's business
and/or COMSYS's business will be adversely impacted during the
pendency of the exchange offer and the merger; the risk that the
operations of the two companies will not be integrated
successfully; the risk that Manpower's expected cost savings and
other synergies from the transaction may not be fully realized,
realized at all or take longer to realize than anticipated; the
risk that demand for and acceptance of Manpower's or COMSYS's
products or services may be reduced; the impact of economic
conditions; the impact of competition and pricing; and other
factors found in the Manpower's and COMSYS's reports filed with the
SEC, including the information under the heading 'Risk Factors' in
Manpower's Annual Report on Form 10-K for the year ended
December 31, 2009 and COMSYS's Annual
Report on Form 10-K for the fiscal year ended January 3, 2010, which information is
incorporated herein by reference.
SOURCE Manpower Inc.