Monster considering "strategic alternatives": CEO

Reuters News
Posted: Mar 01, 2012 12:39 PM

(Reuters) - Online recruitment company Monster Worldwide Inc Chief Executive Sal Iannuzzi told investors on Thursday the company is considering all "strategic alternatives," sending Monster's shares up 13 percent on the New York Stock Exchange.

"Our shareholders deserve a better return," Iannuzzi told an investor conference. "The board and the management is also focused on pursuing all strategic alternatives to increase shareholder value."

Iannuzzi did not specify what alternatives the company was considering. However, investors typically interpret discussions of "strategic alternatives" as an indication that a company is considering selling all or part of itself.

A Monster spokeswoman could not be reached for immediate comment.

(Reporting By Scott Malone; Editing by Gerald E. McCormick)