TDCX shares are trading higher after the company announced it received a preliminary non-binding proposal letter from company founder and CEO Laurent Junique to acquire the company for a proposed purchase price of $6.60 per share or ADS in cash.
Portfolio Pulse from Benzinga Newsdesk
TDCX shares surged following a preliminary non-binding proposal from CEO Laurent Junique to acquire the company at $6.60 per share or ADS in cash.
January 03, 2024 | 6:01 pm
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TDCX's stock price is likely to rise in the short term due to the acquisition offer from its CEO at a premium price of $6.60 per share.
The acquisition proposal by the CEO typically suggests a premium over the current trading price, which can lead to an increase in the stock price as the market reacts to the potential for a buyout at a higher price. However, as the proposal is non-binding and preliminary, there is still uncertainty until a definitive agreement is reached.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100