TeleTech Announces Pricing of Secondary Offering of 5 million Shares

Published on:
30 March 2007 at 04:58 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00008841-teletech-announces-pricing-of-secondary-o/

TeleTech Holdings, Inc. announced the public offering of 5,000,000 shares of its common stock at a price of $36.50 per share.

The shares are being offered by Mr. Kenneth D. Tuchman, chairman and chief executive officer of TeleTech. TeleTech is not selling any shares in the offering and will not receive any proceeds from the offering. Mr. Tuchman has also granted the underwriters an option to acquire an additional 750,000 shares. All proceeds will go directly to the selling shareholder, Mr. Tuchman. The offering will reduce Mr. Tuchman’s holdings in TeleTech from approximately 53% to approximately 46% of TeleTech’s outstanding shares of common stock.

Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated, Merrill Lynch and Credit Suisse Securities (USA) LLC are acting as co-bookrunning managers for the offering.

TeleTech Announces Pricing of Secondary Offering of 5 million Shares

Unknown Author

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