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Convergys is now 4 sale.


This discussion is about "Convergys is now 4 sale." in the "Call Center / BPO" forums.
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  1. #1
    C.I.A. thewicked46's Avatar
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    Default SYNNEX’ Concentrix Division Announces Acquisition of Convergys


    kinsa kaha makapalit sa cvg.


    https://www.bizjournals.com/cincinnati/news/2018/05/14/convergys-shares-skyrocket-as-sale-talks-begin.html


    update:

    SYNNEX’ Concentrix Division Announces Acquisition of Convergys

    https://www.concentrix.com/newsroom/...-of-convergys/
    Last edited by thewicked46; 07-01-2018 at 03:20 PM.

  2. #2
    Senior Member Negsz's Avatar
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    hopefully not Indians kay barat kaau mo dala ug sweldo, I'm an ExCon (ex-Convergy's) thru years ang account nagkabati or maybe the management?

  3. #3
    Junior Member seepshank's Avatar
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    C.I.A. MollyMillions's Avatar
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    nakalimot ko kinsa na ang concentrix dire sa cebu. or concentrix ba ang name dire?

    Nnu diai nga gibaligya ang convergys?

  5. #5
    C.I.A. thewicked46's Avatar
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    Financial Transaction Details:

    *SYNNEX to acquire Convergys for $26.50 per share, which includes $13.25 per share in cash and 0.1193

    *SYNNEX common shares for each share of Convergys common stock, subject to a two-way collar

    *Purchase price of approximately $2.43 billion

    *Expect non-GAAP EPS accretion of mid-single digits in the first year, reaching double-digits by the second year

    *Expect cost synergies of $50 million in the first year, achieving a minimum of $150 million by the third year

    *Expect debt to adjusted EBITDA of approximately 3.5x leverage at closing, and expected return to historical levels of 2.5x or less within 18-24 months

    *Secured committed financing for the purchase price and to maintain appropriate liquidity for ongoing working capital needs

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    What does this mean for this existing workforce?

  7. #7
    Elite Member santario101's Avatar
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    usually during a merge dili ra kaayo maapektuhan ang mga staff. the shakeup will be felt at upper management side and slowly to ops management.

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