Recruitment giant Randstad has finalised its acquisition of job board Monster Worldwide.

In a statement, Randstad said it has successfully completed its tender offer to acquire any and all outstanding shares of common stock of Monster Worldwide, at a price of $3.40 (£2.80) per share in cash.

Randstad says it now expects the acquisition to complete tomorrow (1 November), adding Monster will continue operating as a separate and independent entity under the Monster name.

Last Thursday the European Commission cleared the way for recruitment giant Randstad’s acquisition of Monster by giving the recruitment giant merger control clearance from the commission for its purchase.