CSP Management Ltd Says On July 18, CSP EAF II GP Limited, As General Partner Of CSP Fund II LP (CSP EAF) Submitted An Offer Letter To Startek's Board; Submitted Proposal To Acquire All Of Startek's Shares Of Common Stock At $3.80/Share In Cash
Portfolio Pulse from Happy Mohamed
CSP Management Ltd has submitted a proposal to Startek's board to acquire all of Startek's shares of common stock at $3.80 per share in cash. The offer was submitted by CSP EAF II GP Limited, as General Partner of CSP Fund II LP (CSP EAF).
July 18, 2023 | 8:25 pm
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Startek's shares may see a short-term increase due to the acquisition proposal by CSP Management Ltd at $3.80 per share.
Acquisition proposals often lead to a short-term increase in the target company's stock price, as investors anticipate a potential premium on the current share price. In this case, CSP Management's offer of $3.80 per share could drive up Startek's stock price in the short term.
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