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Sykes Enterprises (SYKE) has been fully acquired by Sitel Group in an all-cash transaction, valued at approximately $2.2 billion. The purchase price of $54 per share represents a premium of 31.2% over Sykes' closing price on June 17, 2021. The deal enhances Sitel's global customer experience (CX) portfolio, creating a stronger market presence with diverse services and a robust workforce. The acquisition was approved by SYKES shareholders on August 24, 2021, and as of today, SYKES shares will no longer trade on Nasdaq.
Sykes Enterprises (SYKE) announced that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act has expired, allowing its all-cash acquisition by Sitel Group to proceed. The transaction, approved unanimously by SYKES' Board, is expected to close in the second half of 2021, pending shareholder approval at a Special Meeting scheduled for August 24, 2021. Post-acquisition, SYKES will become a privately-held entity, resulting in its shares ceasing to trade on Nasdaq.
Sykes Enterprises (SYKE) announced a merger with Sitel Group at $54 per share, valuing the deal at $2.2 billion. The transaction is expected to close shortly after a shareholder meeting on August 24, 2021. In Q2 2021, SYKE reported revenue of $448.9 million, up 7.7% YoY, attributed to program expansions and new client wins, including contributions from the Taylor Media Corp acquisition. Diluted EPS rose to $0.58 from $0.55. However, the Americas region saw a 1.4% organic revenue decline. The company maintains a solid cash position of $103.2 million.
Sitel Group has announced its acquisition of Sykes Enterprises (SYKE) in an all-cash deal valued at approximately $2.2 billion. This strategic acquisition aims to enhance Sitel's customer experience (CX) offerings and expand its geographic footprint, creating a combined workforce of 155,000 employees across 39 countries. The merger is expected to increase revenue beyond $4 billion in 2021 and provide more competitive services in digital transformation and multichannel demand generation. The transaction requires shareholder approval and is set to be completed in the second half of 2021.
Sykes Enterprises, Incorporated (SYKE) has announced a merger with Sitel Group, wherein Sitel will acquire SYKE at $54 per share, valuing the transaction at approximately $2.2 billion. This represents a premium of 31.2% over SYKE's closing price prior to the announcement. The merger, unanimously approved by both Boards of Directors, aims to enhance customer experience services and expand global reach. Expected to close in the second half of 2021, the deal is subject to shareholder approval and regulatory clearances, after which SYKE will become privately held.
TAMPA, Fla., June 07, 2021 – Sykes Enterprises, Incorporated (SYKE) announced participation in one-on-one virtual meetings with investors at Baird's 2021 Global Consumer, Technology & Services Conference on June 10, 2021. The company is a leader in global customer experience management, offering multichannel demand generation and digital transformation services. SYKES serves Global 2000 companies across various industries, optimizing customer engagement through digital tools and AI solutions. For more details, visit www.sykes.com.
TAMPA, Fla., May 24, 2021 (GLOBE NEWSWIRE) -- Sykes Enterprises, Incorporated (SYKE) announced its participation in Barrington Research’s Virtual Spring Investment Conference on May 27, 2021. The company is a global leader in customer experience management and digital transformation, serving Global 2000 companies across various sectors including financial services and healthcare. SYKES offers a full lifecycle of services designed to enhance customer engagement and loyalty, leveraging AI and robotic process automation to optimize customer interactions.
Sykes Enterprises has released its first-quarter 2021 financial results, reflecting its position as a major player in global customer experience management services. The detailed report is available on their website. The company aims to enhance its offerings through new technologies and expanded service capabilities, positioning itself for future growth amidst market challenges. However, potential risks from economic fluctuations and pandemic impacts remain a concern, highlighting the need for cautious optimism moving forward.
Sykes Enterprises (SYKE) will release its first-quarter 2021 financial results on May 4, 2021, after market close. A brief advisory will precede the posting of these results on their website. The management team will hold a conference call on May 5, 2021, at 10:00 a.m. ET to discuss the results, which will be accessible online. SYKES specializes in global customer experience management services and digital transformation solutions, serving clients predominantly from the Global 2000.
TAMPA, Fla., March 19, 2021 (GLOBE NEWSWIRE) -- Sykes Enterprises, Incorporated (SYKE) will participate in Sidoti’s Spring 2021 Virtual Investor Conference on March 24th & 25th. SYKES is a leader in global customer experience management, multichannel demand generation, and digital transformation, serving Global 2000 companies. Their services span various industries, providing solutions from customer service to AI enhancements. The company has a broad geographic reach, operating across six continents, ensuring effective customer engagement and brand loyalty.
