In response to ongoing requests from the Special Committee, CSP has notified the Special Committee that it has an aggregate of
The Special Committee, together with its advisors, is poised to engage substantively and without delay in response to CSP’s proposal if and when the Special Committee receives reliable indications that the sources of the requisite financing will commit to provide the financing subject to customary limitations on disbursement conditionality and if, at such time, the Special Committee has received updated internal forecasts and information relevant to conducting a financial analysis of Startek and CSP’s proposal.
At this time, no determinations have been made by the Special Committee about the fairness or adequacy of the price per share specified in CSP’s preliminary, non-binding proposal or any of the other terms and conditions for the proposed transaction.
There can be no assurance that CSP’s financing sources will commit to provide or will eventually disburse the requisite financing, that any definitive offer will be made or accepted, that any agreement will be executed, or that any transaction will be consummated.
CSP has indicated to the Special Committee that CSP is not at this time interested in exploring any transaction where CSP would be a seller of its interest in Startek.
Startek and the Special Committee do not intend to comment further about this proposal or any other potential transaction, unless and until a specific transaction is approved by the Special Committee.
Startek is a global provider of tech-enabled customer experience (CX) management solutions, digital transformation, and technology services to leading brands. Startek is committed to impacting clients’ business outcomes by enhancing customer experience and digital and AI enablement across all touch points and channels. Startek has more than 43,000 CX experts spread across 38 delivery campuses in 13 countries. The company services over 190 clients across a range of industries, including banking and financial services, insurance, technology, telecom, healthcare, travel and hospitality, e-commerce, consumer goods, retail and energy and utilities. To learn more, visit www.startek.com.
The matters regarding the future discussed in this news release include forward-looking statements as defined in the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are intended to be identified in this document by the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “objective,” “outlook,” “plan,” “project,” “possible,” “potential,” “should” and similar expressions. As described below, such statements are subject to a number of risks and uncertainties that could cause Startek's actual results to differ materially from those expressed or implied by any such forward-looking statements. Readers are encouraged to review risk factors and all other disclosures appearing in the Company's Form 10-K for the fiscal year ended