TIXT - Startek: Event-Driven Opportunity With 44% Potential Upside At Proposed Buyout Price

• Singapore-Based private equity firm Capital Square Partners engineered a combination of Aegis Global and 'old' Startek in 2018 to create the 'new' Startek that exists today.
• This micro-cap business process outsourcing company runs outsourced customer contact centers, has improved sales and profitability, and has a declining stock price.
• On December 20, 2021, Capital Square Partners disclosed that it had submitted a 'preliminary, non-binding proposal' to acquire all the outstanding shares of Startek not already owned by it for $5.40 per share.
• The proposed $5.40 cash offer price represents 44% upside from Startek's closing price on Friday, April 29, 2022.

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