HotGroup shareholders approve Trinity Mirror offer

by Daniel Farey-Jones

October 26, 2005

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HotGroup shareholders approve Trinity Mirror offer

LONDON - The final stage in Trinity Mirror's acquisition of recruitment company HotGroup has been passed after more than 90% of HotGroup's shareholders approved the offer.

Trinity Mirror is paying £50.5m in cash for HotGroup, which has an online and traditional recruitment business.

It has more than 2m registered users on its network of websites, which include Workthing.com, Planetrecruit.com, Jobsfinancial.com and Hotrecruit.com.

Its traditional recruitment business has divisions for education, legal, pharmaceuticals, leisure and retail.

The HotGroup board recommended Trinity's offer on September 1.

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