According to WSJ, Convergys (CVG) seeking strategic alternatives

  • May 13, 2018

POTENTIAL DEAL DETAILS

Stock Convergys Corporation Symbol CVG
Date Announced 05/11/2018 Source The Wall Street Journal
Type News Report
Date of Confirmation: 06/28/2018 Price at Confirmation: $25.26
Potential Profit: 0.72% Annualized Profit: 5.46%

Convergys Corp. (CVG)  is in talks with several parties interested in the call-center operator, according to people familiar with the matter, as the company looks for a buyer that could help it bulk up at a time of rapid change in the industry.

Update(s):

June 20, 2018: Business process services company Synnex Corp (SNX) is in discussions to acquire Convergys Corp (CVG), a call center operator, in a move that would create a bigger player in the technology and information services space, people familiar with the matter said on Tuesday.

June 28, 2018: Convergys Corporation (CVG), a global leader in customer experience outsourcing, today announced that it has entered into a definitive agreement under which SYNNEX Corporation (SNX), a leading business process services company, will acquire Convergys in a cash and stock transaction with an enterprise value of approximately $2.8 billion, including approximately $170 million of Convergys outstanding net debt.

Disclaimer: Our intent with this section of the website is to present potential deals that appear to be in the pipeline. These potential deals are ones where i) the company has indicated that it is "seeking strategic alternatives", ii) there has been an unsolicited bid for a company as mentioned in a press release by the company or iii) news about the deal has been published by a leading news organization like The Wall Street Journal, The New York Times, Bloomberg, Financial Times, The Washington Post, Reuters and The Associated Press. As best as possible we will try to avoid baseless rumors. There is a high probability that many of these potential deals may not materialize and if they do, the terms of the deal may be different from what was initially reported. Please do your own due diligence before buying or selling any securities mentioned on this website. We do not warrant the completeness or accuracy of the content or data provided.