On Assignment, Inc. (ASGN) - NYSE
  • Mar. 20, 2012, 6:24 PM

    On Assignment (ASGN) +20.6% AH after announcing it will merge with rival Apex Systems to form the #2 IT staffing firm in the U.S. On Assignment, which closed with a market cap of $504M, will "acquire" Apex for $383M in cash and $217M in newly-issued stock. The cash will come from a new $540M credit facility. The combined company is expected to have 2H revenue of $775M-$805M and EPS of $0.77-%0.87.

    | Mar. 20, 2012, 6:24 PM
Company Description
On Assignment, Inc. engages in the provision of personnel services in technology, healthcare, and life sciences sectors. It operates through the following segments: Apex, Oxford, Life Sciences Europe and Physician. The Apex segment includes staffing and services in information technology (IT).... More
Sector: Services
Industry: Staffing & Outsourcing Services
Country: United States