IOWA CITY, Iowa, Dec 16 (Bernama-GLOBE NEWSWIRE) — MCI Capital, LC (“MCI”), a wholly owned subsidiary of MCI, LC, announced today that it is extending the offer period for its previously announced cash tender offer to purchase up to 4,000,000 shares of common stock of StarTek, Inc. (NYSE:SRT) (“StarTek”) at a purchase price of $4.20 per share until 5:00 p.m., New York City time, on January 4, 2023. The tender offer was previously scheduled to expire at 12:00 midnight, New York City time, at the end of the day on December 20, 2022. The offer is now extended to the tenth business day after its previously scheduled expiration. To date no shares of StarTek common stock have been deposited in response to the tender offer. As previously announced, if more than 4,000,000 shares are tendered in the tender offer, then, subject to the terms and conditions of the tender offer, MCI will purchase shares from shareholders who properly tender shares on a pro rata basis based on the aggregate number of shares tendered. The tender offer is conditioned upon, among other things, a minimum of 2,000,000 shares being validly tendered and not withdrawn in accordance with its terms.
Tenders of the shares in the tender offer must be made prior to its expiration and may be withdrawn at any time prior to the expiration in accordance with the terms described in the offer documents.