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Share Name | Share Symbol | Market | Type |
---|---|---|---|
ASGN Inc | NYSE:ASGN | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
-3.54 | -5.21% | 64.46 | 67.375 | 64.26 | 67.19 | 496,714 | 00:00:00 |
A Morgan Stanley private-equity fund said Monday it has agreed to sell its majority stake in staffing firm Creative Circle to On Assignment Inc. for $570 million.
Morgan Stanley Global Private Equity bought its stake in Creative Circle in September 2012 in a deal that valued the company at $230 million.
Creative Circle specializes in professional staffing for advertising, creative and marketing industries. The company had $226 million in revenue in 2014.
On Assignment, a professional staffing company, said the deal will broaden its staffing services and is expected to be immediately accretive to its per-share earnings.
The deal includes up to $30 million in contingent payments if certain financial targets are met this year.
Write to Chelsey Dulaney at Chelsey.Dulaney@wsj.com
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Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US6821591087
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