TTEC Holdings provides update on potential take private transaction

TTEC Holdings (TTEC) announced that on July 31, the Board of Directors of TTEC Holdings received a letter from TTEC founder, Chairman and CEO, Kenneth Tuchman advising the Board that due to market conditions, Tuchman has determined not to pursue his previously announced unsolicited, preliminary non-binding proposal of September 27, 2024 to acquire the outstanding shares of the company that he and his controlled affiliates do not already own. The Board of Directors has full confidence that TTEC, led by Tuchman and TTEC’s executive leadership team, will continue to thrive, as a public company, in its mission to support clients in the increasingly complex CX ecosystem.