TTEC Special Committee Updates on Acquisition Proposal Evaluation Process

Update on TTEC Special Committee’s Proposal Review

On April 1, 2025, TTEC Holdings, Inc. (NASDAQ: TTEC) announced significant progress made by the Special Committee of its Board of Directors. This update revolves around the unsolicited acquisition proposal initiated by the company's founder, Chairman, and CEO, Kenneth Tuchman.

The proposal, revealed in a preliminary letter dated September 27, 2024, outlines Tuchman's intention to acquire all shares of TTEC's common stock not already held by him and his affiliates at an offer price of $6.85 per share. This ambitious move has raised considerable interest among stakeholders and necessitates thorough evaluation.

The Special Committee, employing the expertise of independent financial advisor Rothschild & Co. and legal advisor Skadden, Arps, Slate, Meagher & Flom LLP, has diligently completed a review of the proposal. Their focus was not only on the acquisition offer but also on a preliminary valuation analysis of TTEC. After comprehensive consideration, they remain open to further discussions with Tuchman regarding a more definitive transaction proposal.

The Committee has emphasized that, at this stage, no action is required from TTEC's non-affiliated stockholders. This is significant because it provides reassurance to investors who might be concerned about sudden changes in the company's ownership. However, stockholders have also been cautioned that there is no certainty regarding the execution of a definitive agreement pertaining to the proposal, nor about the timing and conditions under which such an agreement might take place. The Committee will not be obliged to provide continuous updates beyond what is legally required, which indicates a controlled approach to communication in light of sensitive negotiations.

About TTEC Holdings, Inc.

Founded in 1982, TTEC is recognized as a global leader in customer experience technology and services. The company specializes in AI-enabled digital customer experience solutions that are pivotal for both renowned and disruptive brands. TTEC's operational reach spans six continents, and its mission is to blend technology with human interaction, ultimately improving every touchpoint of the customer journey. Their services encompass omnichannel contact center technology, customer relationship management (CRM), and analytical solutions tailored for client success. A commitment to excellence in customer experience has driven TTEC to achieve high satisfaction scores from clients and employees alike.

In conclusion, TTEC's Special Committee is taking careful steps regarding the acquisition proposal from Kenneth Tuchman. Their methodical analysis and willingness to engage further speaks to the company's commitment to transparency and stakeholder value. As developments unfold, all eyes will remain on TTEC to see how this potential acquisition will shape the future of the company.