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 HotJobs.com (HOTJ) merges with Resumix

 

   *  Amount:         $60 million

 

   *  Terms:            4.7 million HOTJ shares plus cash
 

   *  Premium:        n/a

 

   *  Industry:        Internet services

 

   *  Scorecard:      C+

 


    SUNNYVALE, April 25--HotJobs.com (HOTJ) announced that it signed a definitive agreement to merge with Resumix. Combining HotJobs.com's award-winning technology with Resumix's enhanced hiring management systems creates a powerful and unique service to provide valuable new web-based tools for the combined company's customers to automate their recruiting workflow. Following the merger, Resumix will continue its operations as a subsidiary of HotJobs.com headquartered in Sunnyvale, California.

    Under the terms of the agreement, HotJobs.com will issue approximately 3.6 million shares of its common stock, representing approximately 10.2% of its common stock outstanding after the merger, to Resumix's current stockholders who are accredited investors. Stockholders of Resumi