Update from TTEC Special Committee
TTEC Holdings (NASDAQ: TTEC) Special Committee has completed its review of the non-binding proposal from founder, Chairman and CEO Kenneth Tuchman to acquire remaining shares at $6.85 per share. The proposal, initially received on September 27, 2024, aims to purchase all shares not already owned by Tuchman and his controlled affiliates.
The Special Committee, supported by Rothschild & Co as financial advisor and Skadden, Arps, Slate, Meagher and Flom LLP as legal advisor, has finished its preliminary valuation analysis and remains open to engaging with Tuchman regarding a definitive transaction proposal. No immediate action is required from non-affiliated stockholders, and there is no guarantee of a definitive agreement or transaction completion.
TTEC Holdings (NASDAQ: TTEC) ha completato la revisione della proposta non vincolante del fondatore, Presidente e CEO Kenneth Tuchman per acquisire le azioni rimanenti a $6.85 per azione. La proposta, ricevuta inizialmente il 27 settembre 2024, mira ad acquistare tutte le azioni non già possedute da Tuchman e dai suoi affiliati controllati.
Il Comitato Speciale, supportato da Rothschild & Co come consulente finanziario e da Skadden, Arps, Slate, Meagher e Flom LLP come consulente legale, ha concluso la sua analisi preliminare di valutazione ed è aperto a interagire con Tuchman riguardo a una proposta di transazione definitiva. Non è richiesta alcuna azione immediata da parte degli azionisti non affiliati e non vi è alcuna garanzia di un accordo definitivo o di completamento della transazione.
TTEC Holdings (NASDAQ: TTEC) ha completado su revisión de la propuesta no vinculante del fundador, Presidente y CEO Kenneth Tuchman para adquirir las acciones restantes a $6.85 por acción. La propuesta, recibida inicialmente el 27 de septiembre de 2024, tiene como objetivo comprar todas las acciones que no están ya en posesión de Tuchman y sus afiliados controlados.
El Comité Especial, respaldado por Rothschild & Co como asesor financiero y Skadden, Arps, Slate, Meagher y Flom LLP como asesor legal, ha finalizado su análisis de valoración preliminar y está abierto a entablar conversaciones con Tuchman sobre una propuesta de transacción definitiva. No se requiere ninguna acción inmediata de los accionistas no afiliados y no hay garantía de un acuerdo definitivo o de la finalización de la transacción.
TTEC Holdings (NASDAQ: TTEC) 특별위원회는 창립자이자 회장 겸 CEO인 Kenneth Tuchman의 나머지 주식을 주당 $6.85에 인수하겠다는 비구속 제안에 대한 검토를 완료했습니다. 이 제안은 2024년 9월 27일에 처음 접수되었으며, Tuchman과 그의 통제된 계열사가 이미 소유하지 않은 모든 주식을 구매하는 것을 목표로 하고 있습니다.
특별위원회는 재무 자문으로 Rothschild & Co, 법률 자문으로 Skadden, Arps, Slate, Meagher 및 Flom LLP의 지원을 받아 초기 평가 분석을 마쳤으며, Tuchman과의 최종 거래 제안에 대한 논의에 열려 있습니다. 비계열 주주로부터 즉각적인 조치는 필요하지 않으며, 최종 계약 또는 거래 완료에 대한 보장은 없습니다.
TTEC Holdings (NASDAQ: TTEC) a terminé l'examen de la proposition non contraignante du fondateur, Président et CEO Kenneth Tuchman pour acquérir les actions restantes à 6,85 $ par action. La proposition, initialement reçue le 27 septembre 2024, vise à acheter toutes les actions déjà détenues par Tuchman et ses affiliés contrôlés.
Le Comité Spécial, soutenu par Rothschild & Co en tant que conseiller financier et Skadden, Arps, Slate, Meagher et Flom LLP en tant que conseiller juridique, a terminé son analyse préliminaire d'évaluation et reste ouvert à des discussions avec Tuchman concernant une proposition de transaction définitive. Aucune action immédiate n'est requise de la part des actionnaires non affiliés, et il n'y a aucune garantie d'un accord définitif ou de la réalisation de la transaction.
TTEC Holdings (NASDAQ: TTEC) hat die Überprüfung des nicht bindenden Angebots von Gründer, Vorsitzendem und CEO Kenneth Tuchman zum Erwerb der verbleibenden Aktien zu $6.85 pro Aktie abgeschlossen. Das Angebot, das ursprünglich am 27. September 2024 eingegangen ist, zielt darauf ab, alle Aktien zu kaufen, die nicht bereits im Besitz von Tuchman und seinen kontrollierten Tochtergesellschaften sind.
Der Sonderausschuss, unterstützt von Rothschild & Co als Finanzberater und Skadden, Arps, Slate, Meagher und Flom LLP als Rechtsberater, hat seine vorläufige Bewertungsanalyse abgeschlossen und ist offen für Gespräche mit Tuchman über einen endgültigen Transaktionsvorschlag. Von nicht verbundenen Aktionären sind keine unmittelbaren Maßnahmen erforderlich, und es gibt keine Garantie für eine endgültige Vereinbarung oder den Abschluss der Transaktion.
- Special Committee completed review and valuation analysis
- Company maintains openness to engage in transaction discussions
- No definitive agreement reached yet
- Uncertainty about transaction completion
- Initial offer of $6.85 per share is non-binding
The Special Committee, with the assistance of Rothschild & Co, its independent financial advisor, and Skadden, Arps, Slate, Meagher and Flom LLP, its independent legal advisor, has completed its review of the Non-Binding Proposal and its preliminary valuation analysis of the Company, and remains ready to consider and engage with Mr. Tuchman with respect to a definitive transaction proposal.
At this time, no action is required by TTEC's non-affiliated stockholders. There can also be no assurance that any definitive agreement will be executed relating to any transaction proposal, the timing and conditionality thereof or that any transaction will be consummated. The Special Committee does not undertake any obligation to provide any updates with respect to any proposal or transaction, except as required under applicable law.
ABOUT TTEC
TTEC (pronounced T-TEC) Holdings, Inc. (NASDAQ:TTEC) is a leading global CX (customer experience) technology and services innovator for AI-enabled digital CX solutions. Serving iconic and disruptive brands, TTEC's outcome-based solutions span the entire enterprise, touch every virtual interaction channel, and improve each step of the customer journey. Leveraging next-gen digital technology, the Company's TTEC Digital business designs, builds, and operates omnichannel contact center technology, CRM, AI and analytics solutions. The Company's TTEC Engage business delivers AI-enabled customer engagement, customer acquisition and growth, tech support, back office, and fraud prevention services. Founded in 1982, the Company's singular obsession with CX excellence has earned it leading client, customer, and employee satisfaction scores across the globe. The Company's employees operate on six continents and bring technology and humanity together to deliver happy customers and differentiated business results. To learn more visit us at https://www.ttec.com.
Corporate Comms:
Meredith Matthews
meredith.matthews@ttec.com
Investor Relations:
Robert Belknapp
investor.relations@ttec.com
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SOURCE TTEC Holdings
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