NEW YORK,
Oct. 11,
2023 /PRNewswire/ -- Shareholder rights law firm
Julie & Holleman LLP is investigating the proposed
$174 million buyout of Startek, Inc.
(NYSE: SRT) by its majority shareholder, Capital Square Partners
(CSP). Julie & Holleman is concerned about the $4.30 per share price being offered as well as
potential conflicts of interest.
For a no-cost consult and to learn more about our
investigation, please click here or visit:
https://julieholleman.com/?p=3156
Startek is a leading provider of customer
experience (CX) solutions, supporting some of the world's most
iconic brands across a variety of markets. Since 2018, Startek has
been controlled by Singaporean private equity investment firm CSP,
which currently owns 56% of Startek's stock.
On October 10,
2023, Startek announced that CSP agreed to buy the shares it
doesn't already own for $4.30 per
share. This is far less than the $5.50 per share price target established by Wall
Street analysts.
Julie & Holleman, a nationally recognized
firm that exclusively focuses on shareholder matters, is concerned
not only about the inadequate price, but also about potential
conflicts of interest. As Startek's controller, CSP may have
leveraged its influence over the board of directors to secure an
unfair deal.
If you would like more information about Julie
& Holleman's investigation, or about the acquisition in
general, please contact W. Scott
Holleman by email at scott@julieholleman.com or by telephone
at (929) 415-1020. You may also visit the firm's website by
clicking here.
Julie & Holleman is a boutique law firm that
focuses on shareholder litigation, including derivative actions,
mergers and acquisitions cases, securities fraud class
actions, and corporate investigations. The firm's attorneys
litigate in state and federal courts across the nation and have
helped secure hundreds of millions of dollars for aggrieved
companies and their shareholders. For more information about the
firm, please visit www.julieholleman.com. This notice may
constitute attorney advertising.
CONTACT INFORMATION
Julie & Holleman LLP
W. Scott Holleman, Esq.
157 East 86th Street
4th Floor
New York, NY 10028
(929) 415-1020
www.julieholleman.com
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SOURCE Julie & Holleman LLP