Impellam (AIM:IPEL) Group PLC has agreed a £483.2 million bid from HeadFirst Global BV, concluding talks which were first made public in July.
The Luton-based recruiter said the deal is worth 557.2p per share in cash and 392.8p in principal amount of loan notes.
Shareholders will also be entitled to the 55.9p dividend declared in November, plus two further dividends totalling 78.5p which Impellam (AIM:IPEL) has yet to declare.
Taken together, the terms are worth 1,084.4p per Impellam share, the company said.
Impellam is majority owned by Michael Ashcroft, a British businessman who was formerly deputy chair of the UK Conservative Party.
He said he was “delighted” with the deal, noting that “significant value" has been created for Impellam shareholders.