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Adecco, the listed Swiss staffing services group, has enough liquidity for large buys, Neue Zuercher Zeitung reported.
The Swiss daily cited Adecco Chief Financial Officer Hans Ploos van Amstel who told an investor day on Monday there is enough liquidity for large buys even if the targeted payout to share holders of 40% to 50% of net profit is maintained.
Van Amstel said if no suitable takeover targets are found then cash would be returned to shareholders, possibly through share buy backs which Van Amstel described as more efficient than special dividends.
Adecco has a market cap of CHF 10.54bn.
Neue Zuercher Zeitung