Exela Technologies, Inc. Confirms Receipt of Preliminary Non-binding Indication of Interest
25 July 2019 - 6:05AM
Exela Technologies, Inc. (“Exela” or the “Company”) (NASDAQ:XELA),
a location-agnostic global business process automation (“BPA”)
leader across numerous industries, confirmed that it has received a
preliminary non-binding indication of interest from HandsOn Global
Management and an internationally recognized private equity firm.
The Board of Directors of the Company has formed a Special
Committee of Independent Directors, which will evaluate the
non-binding indication of interest. The Special Committee is
working with Houlihan Lokey as financial advisor and Kirkland &
Ellis LLP as legal counsel.
Exela does not intend to comment on or disclose
further developments regarding the Special Committee’s evaluation
unless and until it deems further disclosure is appropriate or
required.
About Exela Exela Technologies,
Inc. (“Exela”) is a business process automation (BPA) leader,
leveraging a global footprint and proprietary technology to provide
digital transformation solutions enhancing quality, productivity,
and end-user experience. With decades of expertise operating
mission-critical processes, Exela serves a growing roster of more
than 4,000 customers throughout 50 countries, including over 60% of
the Fortune® 100. With foundational technologies spanning
information management, workflow automation, and integrated
communications, Exela’s software and services include
multi-industry department solution suites addressing finance and
accounting, human capital management, and legal management, as well
as industry-specific solutions for banking, healthcare, insurance,
and public sectors. Through cloud-enabled platforms, built on a
configurable stack of automation modules, and over 22,000 employees
operating in 23 countries, Exela rapidly deploys integrated
technology and operations as an end-to-end digital journey partner.
Find out more at www.exelatech.com
Follow Exela on
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Exela on
LinkedIn: https://www.linkedin.com/company/11174620/
Forward-Looking Statements:
Certain statements included in this press release are not
historical facts but are forward-looking statements for purposes of
the safe harbor provisions under The Private Securities Litigation
Reform Act of 1995. Forward-looking statements generally are
accompanied by words such as “may”, “should”, “would”, “plan”,
“intend”, “anticipate”, “believe”, “estimate”, “predict”,
“potential”, “seem”, “seek”, “continue”, “future”, “will”,
“expect”, “outlook” or other similar words, phrases or expressions.
These statements are based on the current expectations of Exela
management and are not predictions of actual performance. These
statements are subject to a number of risks and uncertainties,
including without limitation those discussed under the heading
“Risk Factors” in Exela’s most recently filed Annual Report on
Form-10-K filed with the Securities and Exchange Commission. In
addition, forward-looking statements provide Exela’s expectations,
plans or forecasts of future events and views as of the date of
this communication. Exela anticipates that subsequent events and
developments may cause Exela’s assessments to change. These
forward-looking statements should not be relied upon as
representing Exela’s assessments as of any date subsequent to the
date of this press release.
Contact: Jim MathiasE: ir@exelatech.comW:
investors.exelatech.comT: +1 972-821-5808
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