(Bloomberg) -- The sale of about 1 million shares of
Monster Worldwide Inc. by the company's founder and former chief
executive officer, Andrew McKelvey, suggests a sale of the
company is unlikely, analysts at Goldman, Sachs & Co. said. The
shares fell the most in six weeks.
``While McKelvey is no longer an employee or director at
Monster and is not likely to be privy to internal company
discussions, McKelvey's decision to reduce his ownership stake
suggests that a sale of the company at a premium valuation is not
imminent,'' analyst Peter Appert wrote in a note to investors.
Read more at Bloomberg Stocks News
Monster Worldwide Inc. by the company's founder and former chief
executive officer, Andrew McKelvey, suggests a sale of the
company is unlikely, analysts at Goldman, Sachs & Co. said. The
shares fell the most in six weeks.
``While McKelvey is no longer an employee or director at
Monster and is not likely to be privy to internal company
discussions, McKelvey's decision to reduce his ownership stake
suggests that a sale of the company at a premium valuation is not
imminent,'' analyst Peter Appert wrote in a note to investors.
Read more at Bloomberg Stocks News
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