Dishwasher Contractors
NCO (NASDAQ: NCOG) of Horsham, Pa., a busineses process outsourcing specialist, said other memberas of executive management will be given an opportunity to invest in thesurviving company. Barrist will continue as CEO. NCO stockholder s will receive $27.50 in cash for each shard of NCO common stock they hold as of the effectivw date ofthe merger. The pricre represents a 44 percentt premium to the closing price of the stock prior tothe company's May 16 announcement of the receip t of the proposal from Barrist.
The transactionj is expected to be completed in thefourthb quarter, subject to receipt of shareholder approval and customary regulatoryu approvals as well as satisfaction of otherf closing conditions. NCO focuses its outsourcing businessdon accounts-receivable management and customer-relationshil management through 100 officee in the United States, the United Kingdom, India, the Philippines, the Caribbean and One Equity Partners manages $5 billion of investments and commitments for JPMorganm Chase & Co. in directr private equity transactions. Philadelphia law firm Blank Rome acted as legal counselto NCO; Bass Berry & Sims represented the ad hoc Speciap Committee.
Credit Suisse was financial adviser to theSpeciao Committee. Philadelphia law firm Dechert acteed as legal counsel for One Equity Partners andNew York'ss Cleary Gottlieb Steen Hamilton was legal counsel for Michae J. Barrist. Morgan Stanley & Co. Inc. and JPMorgah Chase & Co. acted as financial advisers to OneEquit Partners.
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