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Monster Worldwide Picks Advisers For Strategic Review

DOW JONES NEWSWIRES Monster Worldwide Inc. (MWW) on Monday confirmed it has retained financial advisers to review its strategic alternatives, raising the possibility of a potential sale of the company. Shares jumped 8.6% to $8.17 after hours as the job-search website said it hired Stone Key Partners LLC and Bank of America Corp.'s (BAC) Merrill Lynch to advise its review. The move came after Chief Executive Sal Iannuzzi on Thursday raised the possibility of such a move at an analyst conference in Boston, mentioning the company's pursuit of "strategic alternatives to increasing shareholder value." Monster Worldwide suffered a slowdown in new business last year, which it has blamed on U.S. and European economic uncertainty disrupting businesses' ability to make hiring plans. In January, the company provided a disappointing first-quarter outlook and said it planned to cut 7% of its full-time staff and consolidate facilities. Analysts have questioned the company's success in competing with Gannett Co.'s (GCI) CareerBuilder and whether newer services such as LinkedIn Corp.'s (LNKD) professional-networking site are making Monster's business less relevant. -By Drew FitzGerald, Dow Jones Newswires; 212-416-2909;

Stock News for Monster Worldwide (MWW)
08/19/201516:19:20Statement of Changes in Beneficial Ownership (4)
08/19/201516:16:45Statement of Changes in Beneficial Ownership (4)
08/19/201516:14:09Statement of Changes in Beneficial Ownership (4)
08/19/201516:09:47Statement of Changes in Beneficial Ownership (4)
08/19/201508:00:00Monster and Journal Media Group Announce Renewed Alliance for...
07/30/201516:11:54Quarterly Report (10-q)
07/30/201507:42:23Current Report Filing (8-k)
07/30/201507:30:00Monster Worldwide Reports Second Quarter 2015 Results
07/30/201507:30:00Monster Worldwide Reports Second Quarter 2015 Results
07/28/201509:00:00National report: collaboration is key to veteran employment
07/17/201516:04:00Monster Worldwide Schedules Conference Call and Webcast to Discuss...
06/26/201515:06:27Annual Report of Employee Stock Plans (11-k)
06/18/201509:21:25Monster fait son come back à la télé française et à la radio
06/17/201521:00:00Who's Hiring in Malaysia? Score a New Job at's Virtual...
06/15/201516:22:39Current Report Filing (8-k)
06/12/201517:12:11Statement of Changes in Beneficial Ownership (4)
06/12/201517:08:43Statement of Changes in Beneficial Ownership (4)
06/12/201517:03:08Statement of Changes in Beneficial Ownership (4)
06/12/201516:59:02Statement of Changes in Beneficial Ownership (4)
06/12/201516:55:02Initial Statement of Beneficial Ownership (3)

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