IT services firm Sitel Group to buy peer Sykes in $2.2 bln deal
Reuters2021-06-18
June 18 (Reuters) - IT services company Sykes Enterprises Inc said on Friday it has agreed to be acquired by privately owned peer Sitel Group in a deal valued at $2.15 billion.
Sitel Group's offer of $54 per share, represents a premium of 31.2% to Sykes' last close.
Sykes, which provides outsourcing services to businesses, has customers in sectors including financial services, technology, communications and healthcare industries.
The transaction, which is not subject to a financing condition, is expected to close in the second half of 2021, Sykes said.
While Goldman Sachs & Co served as financial adviser to Sykes, Lazard Freres SAS advised Sitel.
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