Key Developments: StarTek Inc (SRT.N)

SRT.N on New York Stock Exchange

28 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Startek Inc completes acquisition of all membership interests of Accent Marketing Services - Form 8-K
Monday, 1 Jun 2015 04:07pm EDT 

Startek Inc:Says on June 1, StarTek, Inc. completed its acquisition of all the membership interests of Accent Marketing Services, L.L.C. pursuant to a Membership Interest Purchase Agreement with MDC Corporate (US) Inc. and MDC Acquisition Inc.Says purchase price of the acquisition was $16.0 million in cash, which amount is subject to certain customary post-closing adjustments.  Full Article

Startek to acquire Accent marketing services for $16.0 million
Monday, 11 May 2015 04:02pm EDT 

StarTek:Enters into a definitive agreement with MDC Partners to acquire Accent Marketing Services, L.L.C.Transaction is expected to close on or before May 31, 2015.STARTEK plans to finance the transaction through its new $50.0 million secured revolving credit facility with BMO Harris Bank.Expects the majority of the integration to be completed prior to year end 2015, and that post-integration the company will be accretive to earnings and reflect a purchase price of approximately 3.5x EBITDA.  Full Article

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