StarTek (SRT) Rejects Preliminary Non-Binding Proposal by CSP
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Special Committee of Startek Updates Stockholders on Status of Preliminary Non-Binding Proposal by CSP
September 9, 2022 11:58 AM EDTDENVER--(BUSINESS WIRE)-- The Special Committee of the Board of Directors of Startek, Inc. (NYSE: SRT) announced today that it has rejected the preliminary, non-binding proposal, dated August 8, 2022, by CSP Management Limited and certain of its affiliates (collectively, CSP) to acquire all the shares of Startek that CSP does not already own for $4.65 per share in cash. CSP is currently the beneficial owner of approximately 56% of the outstanding shares of Startek.
In July 2022, at the request of the Committee, management of the Company prepared an updated financial forecast (Forecast) for the 2022 calendar... More
