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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)
04/17/201516:18:48Proxy Statement - Notice of Shareholders Meeting (preliminary...
04/16/201508:00:00Robot Overlord Denial? Despite Research Indicating Otherwise...
04/10/201516:30:00Monster Worldwide Schedules Conference Call and Webcast to Discuss...
04/02/201516:59:18Statement of Changes in Beneficial Ownership (4)
04/02/201516:51:32Initial Statement of Beneficial Ownership (3)
04/02/201509:04:59Current Report Filing (8-k)
03/20/201517:57:15Here's Why We Have Changed Monster Worldwide's PT To $6.80
03/19/201517:29:51Statement of Changes in Beneficial Ownership (4)
03/19/201517:26:56Statement of Changes in Beneficial Ownership (4)
03/19/201517:23:54Statement of Changes in Beneficial Ownership (4)
03/19/201517:19:53Statement of Changes in Beneficial Ownership (4)
03/18/201509:30:002015 Best Staffing Firms to Work For Awards Announced
03/16/201508:21:00MONSTER WORLDWIDE (MWW) SHAREHOLDER ALERT â Andrews & Springer L...
03/12/201508:30:00Academic Scholarships for Women: Fastweb Highlights Valuable...
03/04/201517:22:30Statement of Changes in Beneficial Ownership (4)
03/04/201517:19:15Statement of Changes in Beneficial Ownership (4)
03/04/201517:16:54Statement of Changes in Beneficial Ownership (4)
03/04/201517:12:13Statement of Changes in Beneficial Ownership (4)
02/25/201508:33:00Monster Launches Next Generation Social Recruitment Advertising
02/23/201508:19:00MONSTER WORLDWIDE (MWW) SHAREHOLDER ALERT â Andrews & Springer L...

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