Sykes Enterprises bought by Sitel Group in $2.2B deal

Jun. 18, 2021 7:12 AM ETSykes Enterprises, Incorporated (SYKE)SYKEBy: Carl Surran, SA News Editor1 Comment
  • Sykes Enterprises (NASDAQ:SYKE) agrees to be acquired by Sitel Group for $54/share, in a deal valued at ~$2.2B; shares are halted.
  • The purchase price represents a 31.2% premium over Sykes' June 17 closing price.
  • Sitel says the deal will enable it to be "a more competitive BPO player with a wide range of CX products and solutions... especially with the addition of Sykes' CX solutions in digital, social media and robotic process automation, through their suite of digital transformation capabilities such as Clearlink and Symphony."
  • The proposed transaction is not subject to a financing condition, and is expected to be completed in this year's H2.

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