Tampas Sykes Enterprises to sell $ 2.2 billion in cash • St. Pete Catalyst

Tampa-based Sykes Enterprises has completed a $ 2.2 billion cash sale to the Sitel Group, making Sykes a privately held company.

Sykes Enterprises (NASDAQ: SYKE), a leading provider of global life cycle customer experience management services, was one of the largest publicly traded companies in Tampa Bay.

“This very complementary combination creates a leading global CX (customer experience) player with a broad range and depth of services, strong customer relationships and significant opportunities for employees worldwide,” said Sykes’ announcement on Friday.

The St. Pete Catalyst previously reported that the acquisition of the Miami-based group was expected to close shortly before the second half of the year.

The acquisition is valued at $ 54 per share, a 31.2% premium to SYKES ‘closing price in June, with the transaction valued at approximately $ 2.2 billion on a fully diluted basis.

Sykes shareholders approved the takeover at a special meeting on Tuesday. As of today, Sykes is a privately held company and its shares are no longer traded on the Nasdaq stock exchange, according to a press release.

Chuck Sykes, President and CEO of Sykes, previously called the deal “an important milestone in our 40-plus-year history”. He added, “I am confident that Sitel Group is a valuable partner with a solid legacy of deep industry knowledge and experience, a solid industry reputation, a shared vision and culture that puts people first in order to better serve our customers. “

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