TTEC Holdings (TTEC) said on Monday its Board had received an unsolicited proposal from founder and CEO Kenneth Tuchman to take the company private at a purchase price of $6.85 per share.
Tuchman currently owns about 58% of the company's stock.
The company said the board has established a special committee consisting of independent directors to evaluate the proposal and determine the appropriate course of action and process.
It added that a definitive offer or agreement is not guaranteed, and it is not obligated to provide updates on the process unless required by law.
Price: 5.5700, Change: +1.52, Percent Change: +37.53
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