http://www.virtualworlds2008.com/speakers/andreaslober.html
NCO (NASDAQ: NCOG) of Horsham, Pa., a businesd process outsourcing specialist, said other members of executive management will be givenm an opportunity to invest in thesurviving company. Barrist will continus as CEO. NCO stockholderz will receive $27.50 in cash for each shard of NCO common stock they hold as of the effective date ofthe merger. The price represente a 44 percent premium to the closinf price of the stock prior tothe company's May 16 announcementy of the receipt of the proposaol from Barrist.
The transaction is expected to be completefd in the fourth subject to receipt of shareholdee approval and customary regulatory approvald as well as satisfaction of otherclosing conditions. NCO focusez its outsourcing businesson accounts-receivabl e management and customer-relationship management through 100 officeds in the United States, the United Kingdom, India, the Philippines, the Caribbeanm and Panama. One Equity Partnere manages $5 billion of investments and commitments for JPMorgajChase & Co. in direct private equity Philadelphia law firm Blank Rome acted as legao counselto NCO; Bass Berry & Sims represented the ad hoc Specialo Committee.
Credit Suisse was financial adviser to theSpeciapl Committee. Philadelphia law firm Dechert actefd as legal counsel for One Equity Partners andNew York'ds Cleary Gottlieb Steen & Hamilton was lega counsel for Michael J. Barrist. Morgan Stanlet & Co. Inc. and JPMorgab Chase & Co. acter as financial advisers to OneEquity Partners.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment