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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)
02/12/201609:25:24Statement of Ownership (sc 13g)
02/11/201613:58:52Schedule 13g<br /> (sc 13g/a)
02/11/201609:50:00Monster Worldwide Sales Decline
02/11/201607:43:21Current Report Filing (8-k)
02/11/201607:39:00Monster Worldwide Reports Fourth Quarter and Full Year 2015 Results
02/11/201607:30:00Monster Worldwide Reports Fourth Quarter and Full Year 2015 Results
02/11/201607:30:00Monster Worldwide Reports Fourth Quarter and Full Year 2015 Results
02/11/201607:30:00Monster Social Job Ads Expand Reach to Facebook
02/10/201610:28:50Amended Statement of Ownership (sc 13g/a)
02/10/201609:50:08Amended Statement of Ownership (sc 13g/a)
02/09/201616:25:07Amended Statement of Ownership (sc 13g/a)
02/01/201609:00:00Scholarship Opportunities for African American Students Highlighted...
01/20/201616:30:00Monster Worldwide Schedules Conference Call and Webcast to Discuss...
01/19/201609:00:00Jobaline And Monster Smart-Match Local Applicants With Hourly...
01/06/201608:00:00Monster Uncovers the Busiest Day for Job Searching is the First...
01/05/201611:06:00Pay for School in 2016: Fastweb's Recommendations for Students...
12/15/201506:26:04Étude Monster / Ifop : chasse aux candidats passifs, recrutement...
12/08/201516:27:06Current Report Filing (8-k)
12/08/201516:15:00Monster Worldwide, Inc. Appoints Gillian Munson to Board of Directors
11/18/201516:18:10Statement of Changes in Beneficial Ownership (4)

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