Stream Global Services Statement on Trillium Capital LLC
June 02 2011 - 8:00AM
Business Wire
Stream Global Services Inc. (NYSE/AMEX: SGS) today announced
that it has rejected an unsolicited non-binding indication of
interest from Trillium Capital LLC to acquire 100% of the issued
and outstanding common shares of Stream for $4.65 per share. At the
time Trillium Capital issued its press release publicly, Trillium
had already made a higher non-binding indication of interest ($4.75
per share) and in response been told by the holders of over 85% of
Stream’s outstanding common shares that they had “no interest”.
Trillium is led by Mr. Scott Murray, who resigned from Stream
pursuant to a Separation Agreement dated August 19, 2010, which
provided, in part, that his separation was to be treated for
specified purposes as a “termination without Cause”.
About Stream Global Services:
Stream Global Services is a leading global business process
outsource (BPO) service provider specializing in customer
relationship management services including sales, customer care and
technical support for Fortune 1000 companies. Stream is a trusted
partner to some of the world's leading technology, computing,
telecommunications, retail, entertainment/media, and financial
services companies. Stream's service programs are delivered through
a set of standardized best practices and sophisticated technologies
by a highly skilled multilingual workforce of over 30,000 employees
capable of supporting over 35 languages across 50 locations in 22
countries. Stream strives to expand its global presence and service
offerings to increase revenue, improve operational efficiencies and
drive brand loyalty for its clients. To learn more about the
company and its complete service offering, please visit
www.stream.com.
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