The special committee of the board of directors of TTEC Holdings (TTEC) provided an update on the status of its review and evaluation of the previously announced unsolicited, preliminary, non-binding proposal letter from TTEC founder, chairman and CEO Kenneth Tuchman, to acquire the shares of the company’s common stock not already owned by Tuchman and his controlled affiliates at a proposed purchase price of $6.85 per share. The special committee has completed its review of the non-binding proposal and its preliminary valuation analysis of the company, and remains ready to consider and engage with Tuchman with respect to a definitive transaction proposal.
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