US-listed business process outsourcing service provider StarTek, Inc is merging with Capital Square Partners-owned BPO Aegis Ltd in an all-stock deal, according to a press release.
Under the agreement, StarTek will issue Capital Square Partners 20.6 million shares of its common stock in exchange for all the outstanding common stock of Aegis. And, Aegis will further increase its investment in StarTek by purchasing 833,333 primary shares at closing price of $12 per share, equivalent to an investment of $10 million.
