M&A
confidence high
sentiment neutral
materiality 0.75
TTEC CEO Ken Tuchman proposes take-private at $6.85/share, 55% above 30-day VWAP
TTEC Holdings, Inc.
- Proposal price $6.85/share; 69% premium to last close and 55% premium to 30-day VWAP ending Sept 27.
- Founder/CEO Tuchman and affiliates own ~58% of TTEC; proposal conditioned on financing and definitive agreement.
- Board formed Special Committee of independent directors to evaluate; requires majority-of-minority shareholder approval.
- No assurance that a definitive offer or transaction will be reached or consummated.