CNXC - CX services provider Concentrix widens global presence with Webhelp purchase for $4.8B
2023-03-30 11:23:32 ET
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Concentrix ( NASDAQ: CNXC ) said Wednesday it would merge with Webhelp, a provider of customer care and related services, in a $4.8 billion deal with debt, boosting its presence in Europe and Latin America, and establishing a footprint in Africa.
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Under terms, Webhelp shareholders will receive 14.9 million shares of Concentrix, €500 million of cash proceeds, and a €700 million note with 2% interest rate, payable in two years.
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The deal value also reflects a Concentrix share price of $120.00 per share.
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At close, Concentrix is expected to have about $5.1 billion of total debt outstanding.
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CX services provider Concentrix widens global presence with Webhelp purchase for $4.8B