Brief: Startek And Aegis Combine To Create Global Leader In Customer Engagement Solutions

Startek

15/03/2018 11:58

March 15 (Reuters) - Startek Inc  SRT.N :
    * STARTEK AND AEGIS COMBINE TO CREATE GLOBAL LEADER IN
CUSTOMER
ENGAGEMENT SOLUTIONS
    * ‍STARTEK TO RECEIVE CASH INVESTMENT OF $10 MILLION AT $12
PER
SHARE​
    * ‍STARTEK WILL ISSUE CSP 20.6 MILLION SHARES OF ITS COMMON
STOCK
IN EXCHANGE FOR ALL OUTSTANDING COMMON STOCK OF AEGIS​
    * ‍ENTERED AGREEMENT WITH AFFILIATE OF CAPITAL SQUARE
PARTNERS FOR
STRATEGIC TRANSACTION INVOLVING CSP PORTFOLIO CO, ESM HOLDINGS
LTD
    * ‍CSP OR AFFILIATE WILL INCREASE ITS INVESTMENT IN STARTEK
BY
PURCHASING 833,333 PRIMARY SHARES OF STARTEK STOCK​
    * ‍CSP IS EXPECTED TO OWN ABOUT 55% OF COMBINED CO, STARTEK
SHAREHOLDERS EXPECTED TO OWN ABOUT 45% OF COMBINED CO
    * ‍CSP WILL ALSO HAVE RIGHT TO APPOINT A MAJORITY OF
COMBINED
COMPANY'S BOARD OF DIRECTORS​

Source text for Eikon:  ID:nBw3vM0Sba 
Further company coverage:  SRT.N 

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