NCO Announces Shareholder Approval of Acquisition of the Company

NCO Group, Inc., a leading provider of business process outsourcing services, announced that at the Company's Special Meeting held today, the shareholders of the Company voted to adopt the Agreement and Plan of Merger, dated as of July 21, 2006, by and among NCO, Collect Holdings, Inc. and Collect Acquisition Corp., providing for the acquisition of NCO by an entity controlled by One Equity Partners and its affiliates with participation by Michael J. Barrist, Chairman, President and Chief Executive Officer of the Company, and certain other members of executive management.

The transaction is expected to be completed on or about November 15, 2006, subject to the closing of the debt financing as well as the satisfaction of other customary closing conditions. Under the terms of the merger agreement, NCO shareholders will be entitled to receive $27.50 per share in cash, without interest.

Be the First To Comment

(Please read our comments policy first.)

From:
Show my identity with comment
Your Comment:

Leave this field empty