TTEC CEO Proposes to Take Company Private at $6.85 Per Share, Offering 69% Premium to Current Stock Price
Portfolio Pulse from Benzinga Newsdesk
TTEC Holdings, Inc. has received a proposal from its CEO, Kenneth Tuchman, to take the company private at $6.85 per share, a 69% premium over the current stock price. The proposal is non-binding and subject to various conditions, including financing and approval by a special committee and minority shareholders.
September 30, 2024 | 11:07 am
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TTEC Holdings, Inc. has received a non-binding proposal from CEO Kenneth Tuchman to take the company private at $6.85 per share, offering a 69% premium over the current stock price. The proposal is subject to financing and approval by a special committee and minority shareholders.
The proposal to take TTEC private at a significant premium is likely to positively impact the stock price in the short term as it offers a substantial premium to current shareholders. However, the proposal is non-binding and subject to several conditions, which introduces uncertainty. The market may react positively to the potential premium but will also consider the risks of the proposal not being finalized.
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