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Manpower Buys COMSYS IT Partners

April 6, 2010 (FinancialWire) — Manpower Inc. (NYSE: MAN) said it has completed its acquisition of COMSYS IT Partners, Inc., through the merger of a wholly owned subsidiary of Manpower into COMSYS.  

Manpower previously reported the expiration of its exchange offer for all of the outstanding shares of COMSYS common stock. It said that, based on a preliminary count by the exchange agent for the exchange offer, a total of 19,787,017 COMSYS shares, representing around 89% of COMSYS's outstanding common stock on a fully diluted basis, were validly tendered and not withdrawn in the exchange offer.

Of that total, 1,599,160 shares, representing around 7% of COMSYS's outstanding common stock on a fully diluted basis, were tendered pursuant to notices of guaranteed delivery, according to Manpower.

Manpower added that, of the shares tendered, cash elections were made with respect to 17,794,582 shares and stock elections were made with respect to 1,992,435 shares.

Wisconsin-based Manpower offers employers a range of solutions and services including permanent, temporary and contract recruitment; employee assessment and selection; training; outplacement; outsourcing and consulting.

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