India, April 2 -- A Special Committee of the Board of Directors of TTEC Holdings, Inc. (TTEC) said it has completed a review and evaluation of the previously announced unsolicited buyout proposal from the company's founder, Chairman and Chief Executive Officer Kenneth Tuchman. The committee said it "remains ready to consider and engage with Mr. Tuchman with respect to a definitive transaction proposal."
Tuchman, on September 27, 2024, proposed to take the company private at a proposed purchase price of $6.85 per share. Tuchman beneficially owns approximately 58% of the company's common stock.
The Special Committee, with the assistance of Rothschild & Co, its independent financial advisor, and Skadden, Arps, Slate, Meagher and Flom LLP, it...