Concentrix (CNXC) signs definitive agreement to acquire Webhelp for €500M cash plus stock and earnout

Concentrix Corp

Total consideration for Acquired Shares includes €500M cash, Parent common stock issuance, a Sellers' Note, and contingent Earnout Shares.
Closing subject to stockholder approval of Parent Share Issuance (special meeting), antitrust/regulatory clearances, and other customary conditions.
Works councils have been informed and consulted; transaction expected to close in 2023, with a marketing period for debt financing.
Parent Board recommends the stock issuance; MiTac Holdings, a major stockholder, has executed a support agreement to vote in favor.
Post-closing, certain Sellers will receive board representation rights under the Investor Rights Agreement executed on Put Option date.

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