Global BPO Services Corp. Provides Further Information on Planned Tender Offer (PR Newswire)

Wednesday July 23, 2:48 pm ET BOSTON, July 23 /PRNewswire-FirstCall/ -- Global BPO Services Corp. (AMEX: OOO - News ; "GBPO") today announced that it is providing clarifying information regarding its planned tender offer for up to 30 million shares of common stock. As previously announced, assuming stockholder approval of both the Stream merger and the approval of the issuance of the Convertible Preferred Stock to an affiliate of Ares Management LLC ("Ares"), Global BPO will begin the tender offer as soon as practicable and legally permissible after the closing of the Stream merger. Global BPO expects to commence the tender offer no more than one week after the closing of the Stream merger. The tender will be open for stockholders to tender their shares, if they so desire, for a period of 20 business days. Global BPO does not... [read full story]