Brief: Startek Announces Agreement To Be Acquired By Funds Managed By CSP Management Limited For $4.30 Per Share In Cash

Startek

10/10/2023 14:29

Oct 10 (Reuters) - Startek Inc  SRT.N :
    * STARTEK ANNOUNCES AGREEMENT TO BE ACQUIRED BY FUNDS
MANAGED BY
CSP MANAGEMENT LIMITED FOR $4.30 PER SHARE IN CASH
    * STARTEK INC - PROPOSED DEAL FOR TOTAL ENTERPRISE VALUE OF
APPROXIMATELY $217 MILLION AND TOTAL EQUITY VALUE OF
APPROXIMATELY $174 MILLION
    * STARTEK INC-UNDER TERMS OF AGREEMENT, CSP WILL ACQUIRE ALL
SHARES OF STARTEK COMMON STOCK NOT ALREADY OWNED BY CSP FOR
$4.30 PER SHARE IN CASH
    * STARTEK INC - TRANSACTION IS EXPECTED TO CLOSE BY END OF
CALENDAR YEAR 2023
    * STARTEK INC- TRANSACTION IS NOT SUBJECT TO ANY FINANCING
CONTINGENCY
    * STARTEK INC- UPON COMPLETION OF TRANSACTION, STARTEK WILL
NO
LONGER TRADE ON NEW YORK STOCK EXCHANGE AND WILL BECOME A
PRIVATE COMPANY

Source text for Eikon:  ID:nPn4w6nkha 
Further company coverage:  SRT.N 

 ((Reuters.Briefs@thomsonreuters.com))