From a press release…

“… The remaining company will be renamed Monster when the spin-off is complete at the end of the first quarter. TMP plans cut its work force by about 800 employees and take about $100 million in charges in the fourth and first quarters related to the transaction, which will be structured as a tax-free distribution to existing shareholders. …”

Um…yeah. Doesn’t sound nice.

January 9, 2003

Tags: , ,