TTEC (TTEC) special board committee concluded its review Tuesday of Chief Executive Kenneth Tuchman's unsolicited buyout offer for the company and suggested to engage with him for a definitive deal proposal.
Tuchman on Sept. 27 offered to acquire all of TTEC shares he or his affiliates do not already own for $6.85 apiece.
The company said Tuesday the panel, with assistance from Rothschild, its financial advisor, and Skadden Arps Slate Meagher and Flom, its legal advisor, completed its review, adding that no shareholder action is required at this time and there is no assurance the discussions will lead to a deal.
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