Work Service with several foreign acquisitions on the horizon

Exact Systems, a subsidiary of WSE-listed Work Service has signed term sheet addendum regarding acquiring shares in outsourcing companies in France, Romania, Morocco and Turkey, the company said in a market filing.The preliminary takeover deals are expected to be signed by May 31. Exact plans to buy 51 percent stake in the French company and 100 percent shares of the remaining ones, by executing call and put options. The final deals should be signed by the end of June.