By Kelly Cloonan
Shares of TTEC Holdings climbed after a special committee said it is ready to consider and engage with a take-private offer from the company's founder and chief executive.
The stock rose 20% to $3.94 on Tuesday in after-hours trading. Shares had fallen 68% over the past 12 months through Tuesday's market close.
Founder and CEO Kenneth Tuchman's previously announced proposal, dated Sept. 27, offered to acquire the company's outstanding shares for $6.85 each. That offer price marked a 69% premium to the most recent closing price at the time.
The company said a special committee from its board, with the help of Rothschild & Co and Skadden, Arps, Slate, Meagher and Flom LLP, reviewed the offer and remains ready to consider and engage with Tuchman on a definitive deal.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 01, 2025 17:52 ET (21:52 GMT)
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