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POTENTIAL DEAL DETAILS
| Stock | StarTek, Inc. | Symbol | SRT |
| Date Announced | 07/18/2023 | Source | Press Release |
| Type | Unsolicited Bid | Acquiring Company/Person | CSP Fund II LP |
| Date of Confirmation: | 10/10/2023 | Price at Confirmation: | $4.21 |
| Potential Profit: | 28.75% | Annualized Profit: | 124.91% |
On July 18, 2023, CSP EAF II GP Limited, as general partner of CSP Fund II LP, an entity affiliated with the CSP Management submitted an offer letter to the Startek board of directors to acquire all of the outstanding shares of Common Stock of the Startek (SRT) not already beneficially owned by CSP Management at a price per share of $3.80 in cash.
Previously in December 2021, CSP Management Limited submitted a preliminary non-binding proposal to the Board of Directors of the Issuer related to the proposed acquisition by the Reporting Persons of all of the shares of StarTek (SRT) Common Stock not beneficially owned by the Reporting Persons for a cash consideration of US$5.40 per share.
On September 19, 2022, CSP Management Limited, submitted a letter to the Special Committee of the Board of Directors to formally withdraw the non-binding proposal submitted to the Board of Directors of StarTek (SRT) on December 20, 2021.
August 25, 2023: Startek (SRT) forms a special committee to evaluate CSP Management’s non-binding proposal of $3.80 in cash per share dated July 18, 2023.
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.