AMSTERDAM: Japanese employment agency Recruit has agreed to acquire Dutch staffing firm USG People for 1.4 billion euros ($1.53 billion), a premium of 31 percent to its closing price on Monday, the companies said on Tuesday.

Recruit has made an all-cash offer of 17.5 euros per share, the companies said.

USG People said the offer is supported by its management board and founder Alex Mulder, who holds 19.8 percent of the shares.

Copyright Reuters, 2015