Stream Announces Completion of Tender Offer
15 December 2009 - 10:48AM
PR Newswire (US)
BOSTON, Dec. 14 /PRNewswire-FirstCall/ -- Stream Global Services,
Inc. (NYSE Amex: SGS), a premium business process outsource (BPO)
service provider specializing in customer relationship management
services for Fortune 1000 companies, announced today the final
results of its tender offer to purchase up to 17,500,000 of its
publicly held warrants (NYSE Amex: SGS.WS), that are each
exercisable to purchase one share of its common stock, at a
purchase price of $0.50 per warrant., which expired at 5:00 p.m.,
New York City time, on December 14, 2009. Based on the final count
by the depositary for the tender offer, a total of 9,956,689
warrants were properly tendered and not withdrawn at the purchase
price of $0.50 per warrant. Stream accepted for purchase all of
these warrants for an aggregate purchase price of $4,978,344.50,
excluding fees and expenses related to the tender offer. Payment
for the shares accepted for purchase under the tender offer will be
made promptly, in cash, by the depositary. Following completion of
the tender offer, Stream has approximately 10,008,526 warrants
outstanding. Warrant holders and investors who have questions or
need information about the tender offer may contact the information
agent, Innisfree M&A Incorporated at (888) 750-5834. In
connection with this offer, Continental Stock Transfer & Trust
Company served as depositary. Additional Information. This press
release is neither an offer to purchase nor a solicitation of an
offer to sell securities. Contact Information: Sally Comollo
Director of Marketing Communications 781-304-1847 About Stream
Global Services, Inc. Stream Global Services is a premium business
process outsource (BPO) service provider specializing in customer
relationship management including sales, customer care and
technical support for Fortune 1000 companies. Stream is a trusted
partner to some of the world's leading technology, computing,
telecommunications, retail, entertainment/media, and financial
services companies. Our service programs are delivered through a
set of standardized best practices and sophisticated technologies
by a highly skilled workforce of approximately 30,000 employees
based out of 50 solution centers in 22 countries supporting 34
languages. Stream continues to expand its global presence and
service offerings to increase revenue, improve operational
efficiencies and drive brand loyalty for its clients. To learn more
about the company and its complete service offering, please visit
http://www.stream.com/. Safe Harbor This press release contains
forward-looking statements made pursuant to the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995,
including statements regarding the completion of the tender. These
statements are neither promises nor guarantees, but involve risks,
uncertainties and other important factors that could cause actual
results to differ materially from those set forth in the
forward-looking statements, including, without limitation, the
risks and important factors detailed in Stream's filings with the
SEC, including those discussed in Stream's quarterly report on Form
10-Q for the quarterly period ended September 30, 2009, filed with
SEC on November 6, 2009. DATASOURCE: Stream Global Services, Inc.
CONTACT: Sally Comollo, Director of Marketing Communications of
Stream Global Services, +1-781-304-1847, Web Site:
http://www.stream.com/
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