Startek Forms Special Committee in Response to Preliminary Non-Binding Acquisition Proposal by CSP Management Limited
25 Agosto 2023 - 5:10PM
Business Wire
The board of directors of Startek, Inc. (NYSE: SRT) has formed a
special committee of independent directors that is authorized to
evaluate the non-binding proposal, dated July 18, 2023, by CSP
Management Limited to acquire all the shares of Startek that it
does not already own for $3.80 in cash per share. CSP is currently
the beneficial owner of approximately 56% of the outstanding shares
of Startek. CSP states in its non-binding proposal that it is not
contemplating selling its interests in Startek or approving any
combination of Startek with, or a sale of all or substantially all
of the assets of Startek to, any other potentially interested
party.
The special committee has engaged Gibson, Dunn & Crutcher
LLP as its counsel and Houlihan Lokey, Inc. as its financial
advisor to assist in its consideration of the proposal.
Startek cautions its stockholders and others considering trading
in its securities that the proposal by CSP was received only
recently and that no decisions have been made by the special
committee about how to respond. A copy of the proposal letter from
CSP is available as an exhibit to CSP’s statement of beneficial
ownership on Schedule 13D/A as publicly filed with the Securities
and Exchange Commission.
There can be no assurance that any definitive offer will be made
or accepted, that any agreement will be executed or that any
transaction will be consummated.
Startek and the special committee do not intend to comment
further about this proposal or any other potential transaction,
unless and until a specific transaction is approved by the special
committee.
About Startek®
For more than 35 years, Startek has delivered customer
experience (CX) excellence for the world’s leading brands. Spread
across 12 countries, our 38,000 associates create memorable,
personalized experiences in both voice and non-voice channels. Our
clients span from fortune 500s to fast-growing startups in a
diverse range of industries including cable, media and telecom;
travel and hospitality; retail and e-commerce and banking and
financial services.
By creating closer connections, Startek delivers value for our
clients, opportunity for our people and sustainable growth for our
shareholders.
To learn more visit www.startek.com and follow us on
LinkedIn.
Forward-looking statements
The matters regarding the future discussed in this news release
include forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Such forward-looking
statements are intended to be identified in this document by the
words “anticipate,” “believe,” “estimate,” “expect,” “intend,”
“may,” “objective,” “outlook,” “plan,” “project,” “possible,”
“potential,” “should” and similar expressions. As described below,
such statements are subject to a number of risks and uncertainties
that could cause Startek's actual results to differ materially from
those expressed or implied by any such forward-looking statements.
Readers are encouraged to review risk factors and all other
disclosures appearing in the Company's Form 10-K for the fiscal
year ended December 31, 2022, as filed with the Securities and
Exchange Commission (SEC) on March 28, 2023, as well as other
filings with the SEC, for further information on risks and
uncertainties that could affect Startek's business, financial
condition and results of operation. Copies of these filings are
available from the SEC, the Company’s website or the Company’s
investor relations department. Startek assumes no obligation to
update or revise any forward-looking statements as a result of new
information, future events or otherwise. Readers are cautioned not
to place undue reliance on these forward-looking statements that
speak only as of the date herein.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230825651204/en/
Investor Relations Cody Cree Gateway Group, Inc. (949)
574-3860 SRT@gatewayir.com
Media Relations Neha Iyer Startek
neha.iyer@startek.com
StarTek (NYSE:SRT)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
StarTek (NYSE:SRT)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024