TTEC Holdings Shares Down After Founder Withdraws Buyout Proposal

Dow Jones

Aug 02, 2025

By Josh Beckerman

TTEC Holdings shares fell 38% to $3.09 during the regular session after founder and Chief Executive Kenneth Tuchman withdrew a nonbinding buyout proposal because of market conditions.

TTEC's operations include call centers, consulting and technology for tasks like voice translation. In September, Tuchman proposed buying the company for $6.85 a share.

"While I am not proceeding with the proposed transaction at this time, I remain TTEC's largest shareholder and am fully committed to the company's future success and its strategy going forward," Tuchman said in a letter to the board included in a securities filing.

In after-hours trading, shares were up 3 cents to $3.12.

Write to Josh Beckerman at josh.beckerman@wsj.com

(END) Dow Jones Newswires

August 01, 2025 18:32 ET (22:32 GMT)

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In September, Tuchman proposed buying the company for $6.85 a share. \n\n\n  \"While I am not proceeding with the proposed transaction at this time, I remain TTEC's largest shareholder and am fully committed to the company's future success and its strategy going forward,\" Tuchman said in a letter to the board included in a securities filing. \n\n\n  In after-hours trading, shares were up 3 cents to $3.12. \n\n\n \n\n\n  Write to Josh Beckerman at josh.beckerman@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 01, 2025 18:32 ET (22:32 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}