Brief: Concentrix To Combine With Webhelp

Groep Brussel Lambert NV

29/03/2023 21:56

March 29 (Reuters) - Concentrix Corp  CNXC.O :
    * CONCENTRIX TO COMBINE WITH WEBHELP, CREATING A DIVERSIFIED
GLOBAL CX LEADER, WELL-POSITIONED FOR GROWTH
    * CONCENTRIX CORP - ENTERED INTO AN AGREEMENT TO COMBINE
WITH
WEBHELP IN A TRANSACTION VALUED AT APPROXIMATELY $4.8 BILLION,
INCLUDING NET DEBT.
    * CONCENTRIX CORP- UPON CLOSING OF TRANSACTION, CONCENTRIX
SHAREHOLDERS WILL OWN ABOUT 78% OF COMBINED CO WITH WEBHELP
SHAREHOLDERS OWNING ABOUT 22%
    * CONCENTRIX CORP -DEAL  ACCRETIVE TO REVENUE GROWTH,
PROFITABILITY, AND NON-GAAP EPS IN FIRST YEAR
    * CONCENTRIX CORP- COST SYNERGY BENEFITS ARE EXPECTED TO BE
$75
MILLION IN FIRST FULL YEAR AFTER CLOSING OF DEAL
    * CONCENTRIX CORP - ENTERED INTO A BINDING PUT OPTION
AGREEMENT TO
COMBINE WITH WEBHELP
    * CONCENTRIX - SHAREHOLDERS OF WEBHELP WILL RECEIVE 14.9
MILLION
SHARES OF CONCENTRIX, EUR 500 MILLION OF CASH PROCEEDS, & A EUR
700 MILLION NOTE PAYABLE IN 2 YRS
    * CONCENTRIX CORP - CONCENTRIX WILL ACQUIRE 100% OF SHARES
OF
WEBHELP
    * CONCENTRIX CORP - UPON CLOSING OF TRANSACTION, CONCENTRIX
SHAREHOLDERS WILL OWN APPROXIMATELY 78% OF COMBINED COMPANY

Source text for Eikon:  ID:nGNX2TRQBt 
Further company coverage:  CNXC.O 

 ((Reuters.Briefs@thomsonreuters.com;))