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.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100