TTEC Holdings Shares Climb on Update to Take-Private Offer

Dow Jones

Apr 02, 2025

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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Shares had fallen 68% over the past 12 months through Tuesday's market close. \n\n\n  Founder and CEO Kenneth Tuchman's previously announced proposal, dated Sept. 27, offered to acquire the company's outstanding shares for $6.85 each. 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