Actionable Stock Market Trading Newswire. Built for Traders, by Traders.
All news is property of their respective owners.

Why StarTek Shares Are Trading Higher Today?

CSP Management Ltd and affiliates sent a non-binding proposal to StarTek, Inc (NYSE:SRT) to acquire all the shares of Startek that CSP…
byAnusuya Lahiri
August 9, 2022
1 minute read
Total
0
Shares
0
0
0
0
0
0
  • CSP Management Ltd and affiliates sent a non-binding proposal to StarTek, Inc (NYSE:SRT) to acquire all the shares of Startek that CSP does not already own for $4.65 per share in cash. 
  • The offer price implies a 41.8% premium on StarTek’s August 8 closing price of $3.28.
  • CSP is currently the beneficial owner of 56% of the outstanding shares of Startek. 
  • This new proposal constitutes a revision of CSP’s non-binding proposal, dated December 20, 2021, to acquire all the shares of Startek for $5.40 per share in cash. 
  • CSP failed to arrange a debt and equity financing package on terms acceptable to CSP for its proposal, dated December 20, 2021.
  • Price Action: SRT shares traded higher by 11.90% at $3.67 on the last check Tuesday.
 
Total
0
Shares
Share 0
Tweet 0
Share 0
Share 0
Share 0
Share 0
Related Posts
Read More

What Analysts Are Saying About PepsiCo’s Q1 Earnings?

By Shivani Kumaresan
April 23, 2:39 PM
PepsiCo Inc's Q1 FY24 success unfolds: a 2.3% sales growth to $18.25 billion surpassing estimates. Adjusted EPS of $1.61 beats consensus, prompting analyst optimism. BofA Securities reiterates a Buy with a $210 price target, citing 5% pricing growth driving gross margin expansion. Meanwhile, Goldman Sachs maintains a Buy with a $200 price target, impressed by topline growth and EPS increase despite challenges from recalls, highlighting PepsiCo's resilience and long-term growth potential.

PEP