Quick Take
TELUS Corporation (TU) has announced the proposed acquisition of Competence Call Center for $1.01 billion.
CCC has more than 8,500 employees and provides major industry verticals with outsourced call center services.
TU is paying a significant price for CCC; TU’s stock looks richly valued at its current level, so my bias is NEUTRAL.
Target Company
Berlin, Germany-based CCC was founded to provide call center outsourcing services to organizations with operations in 11 European countries.
Management is headed by Chief Executive Officer Mr. Christian Legat and also includes Chief Operations Officer Mr.