TTEC jumps after CEO proposes to take company private
30/09/2024 12:33
** Shares of global customer experience technology and
services firm TTEC Holdings TTEC.O up ~28% at $5.18 premarket
** Co says its board has received an unsolicited proposal
from CEO Kenneth Tuchman to be taken private at $6.85 per share
** Tuchman owns about 58% of co's common stock, TTEC adds
** Says board has established a special committee of
independent directors with its own advisors to evaluate the
proposal and determine appropriate course of action and process
** Given the rapid pace of change in our industry and the
evolution of our business to meet the challenges of this dynamic
environment ... it is in the best interest of TTEC to return
being private company - Tuchman says in a letter to the board
** Up to last close, stock fell nearly 81% YTD
(Reporting by Anuja Bharat Mistry in Bengaluru)
((AnujaBharat.Mistry@thomsonreuters.com;))