Startek gains after Capital Square Partners agrees to acquire all outstanding shares
19/07/2023 14:28
** Shares of business solutions provider Startek SRT.N up
17% at $3.36 premarket
** Private investment firm Capital Square Partners (CSP) on
Tuesday submitted a proposal to acquire all the outstanding
shares of SRT
** Adds that it would acquire all of Startek's common shares
at $3.80 per share in cash
** CSP believes the business management industry will face
challenges from artificial intelligence and macro economic
issues
** Up to last close, stock had fallen ~24% YTD
(Reporting by Zaheer Kachwala in Bengaluru)
((Zaheer.Kachwala@thomsonreuters.com))
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