Japan-based staffing conglomerate Recruit has declared its recommended public offer for all of Dutch recruiter USG People's issued and outstanding ordinary shares unconditional.

Late last year, Recruit Holdings announced it was to buy USG People for €1.42bn (£1.04bn).

USG People shareholders, who accepted the offer, will receive an amount in cash of €17.50 per share.

The deal will be settled on 7 June 2016, at which time Recruit will hold 76,937,783 shares, representing roughly 94.85% of USG shares.

On this date the resignations of all current members of the supervisory board will become effective and USG will introduce a new board, which sees Rob Zandbergen appointed as chief executive, Leen Geirnaerdt as chief financial officer and Hitoshi Motohara as chairman.