TMP Worldwide has agreed to buy HotJobs.com, the Internet's number-two job-search website. TMP, which runs the number one job-search site, Monster.com, agreed to exchange 0.2195 shares of its stock
for each of HotJobs' stubs, valuing its target at $460 million or about a 21% premium to Thursday's closing share price. Both companies' boards have already OK'd the transaction, which still requires
stockholder and regulatory approval.
- Adam Bernard