- June 18, 2021
- Posted by: Stratford Team
- Category: Business
Sykes Enterprises, one of the largest public companies in the Tampa Bay area, is being sold to a private Miami company in a deal worth $2.2 billion.
The Tampa company, which provides corporate services like customer assistance and technical support, will be sold to Sitel Group, a global customer service firm, in an all-cash deal worth $54 per share, a 31.2 percent premium over Thursday’s stock price.
The deal is expected to close later this year, at which point Sykes will cease being traded as a public company.
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“This combination marks a major milestone in our 40-plus year operating history,” president and CEO Chuck Sykes said in a statement. “Thanks to the hard work of our team members, this transaction validates the execution of our vision, strategy, our differentiated full lifecycle business model and promises immediate and certain value for our stockholders at an attractive premium.”
The…
