TTEC Holdings ( (TTEC) ) has issued an update.
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TTEC Holdings, Inc. has made headlines with the announcement from its CEO Kenneth Tuchman, who also happens to be the founder and chairman, proposing to take the company private at $6.85 per share—a premium of up to 69% over recent trading prices. Tuchman, who owns around 58% of TTEC’s common stock, is driving the transition with the aim to accelerate strategic investments and long-term success away from the public eye. While the proposal is still in its early stages, requiring financing, definitive agreements, and the green light from a majority of minority shareholders, it signals a potentially significant shift for the customer experience solutions provider.
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