The Special Committee of the Board of Directors (the “Special Committee”) of TTEC Holdings, Inc. (NASDAQ:TTEC) (“TTEC” or the “Company”)is providing an update on the status ofits review and evaluation ofthepreviously announcedunsolicited, preliminary, non-binding proposal letter, dated September 27, 2024, from TTEC founder, Chairman and Chief Executive Officer Kenneth Tuchman, toacquire the shares of the Company's common stock not already owned by Mr. Tuchman and his controlled affiliatesat a proposed purchase price of $6.85 per share (the “Non-Binding Proposal”).
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The Special Committee, withthe assistanceof Rothschild & Co, its independent financial advisor, and Skadden, Arps, Slate, Meagher and Flom LLP, its independent legal advisor, has completed its review of the Non-Binding Proposal and its preliminary valuation analysis of the Company,andremains readyto considerand engage with Mr. Tuchman with respect toa definitive transaction proposal.
At this time, noaction is required byTTEC's non-affiliated stockholders.There canalsobe no assurance that any definitive agreement will be executed relating toany transactionproposal, the timing and conditionality thereof or thatanytransaction will be consummated. The Special Committee does not undertake any obligation to provide any updates with respect toany proposal ortransaction, except as required under applicable law.
ABOUT TTEC
TTEC (pronounced T-TEC)Holdings, Inc.(NASDAQ:TTEC) is a leading global CX (customer experience) technology and services innovator for AI-enabled digital CX solutions. Serving iconic and disruptive brands, TTEC's outcome-based solutions span the entire enterprise, touch every virtual interaction channel, and improve each step of the customer journey. Leveraging next-gen digital technology, the Company'sTTEC Digitalbusiness designs, builds, and operates omnichannel contact center technology, CRM, AI and analytics solutions. The Company's TTEC Engage business delivers AI-enabled customer engagement, customer acquisition and growth, tech support, back office, andfraud preventionservices. Founded in 1982, the Company's singular obsession with CX excellence has earned it leading client, customer, and employee satisfaction scores across the globe. The Company's employees operate on six continents and bring technology and humanity together to deliver happy customers and differentiated business results. To learn more visit us athttps://www.ttec.com.
Corporate Comms:Meredith Matthewsmeredith.matthews@ttec.com
Investor Relations:Robert Belknappinvestor.relations@ttec.com
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SOURCE TTEC Holdings
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