StarTek shares are trading higher after a 13D filing showed CSP EAF submitted a proposal to acquire all of StarTek's shares of common stock at $3.80 per share in cash.
Portfolio Pulse from Benzinga Newsdesk
StarTek's shares are trading higher following a proposal by CSP EAF to acquire all of StarTek's common stock at $3.80 per share in cash, as revealed in a 13D filing.
July 19, 2023 | 7:56 pm
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POSITIVE IMPACT
StarTek's stock price is likely to increase in the short term due to the acquisition proposal by CSP EAF at a price of $3.80 per share.
The acquisition proposal by CSP EAF at a price of $3.80 per share, which is likely higher than the current trading price, has led to an increase in StarTek's stock price. Investors may expect the acquisition to go through, leading to a further increase in the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100