Stream Global Services Announces Warrant Purchase of 425,000 Warrants for $.15 Each From Ares
|
| Posted
:
Wed, 04 Nov 2009 21:17:45 GMT |
| Author
:
Stream Global Services, Inc. |
| Category
:
Press Release |
| News Alerts by
Email ( click
here ) |
|
|
|
|
BOSTON, Nov. 4 MA-SGS-WarrantPurch
BOSTON, Nov. 4 /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, today announced that pursuant to an August 14, 2009 agreement with Ares Management LLC, Stream today bought 425,000 of its public warrants held by Ares at a price of $.15 per warrant for a total of $63,750.
In addition, Stream today also announced an additional 11,023 of its publicly traded warrants have been exercised for a total exercise price of $66,138. Stream currently has 20,091,517 publicly traded warrants outstanding (NYSE/AMEX:SGS) to acquire common shares at a cash exercise price of $6.00 per common share that expire on October 17, 2011. In addition, Ares Management, Providence Equity Partners and Ayala Corporation continue to have participation rights to acquire 49,944,880 common shares for $6.00 per common share in cash, at a rate of 2.4364 common shares for each public warrant that is exercised for cash at $6.00 per share, if and when any of the publicly traded warrants are exercised. These participation rights expire when the public warrants expire on October 17, 2011. Ayala Corporation, which has the right to purchase the first 1.0 million of these shares, has exercised its participation right to purchase an additional 26,856 shares of common stock at $6.00 per share, for a total exercise to date of 55,120 shares.
About Stream Global Services:
Stream Global Services is a premium business process outsource (BPO) service provider specializing in customer relationship management services 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 more than 30 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 www.stream.com.
Contact Information:
Sally Comollo
Director of Marketing Communications
sally.comollo@stream.com
781-304-1847
SOURCE Stream Global Services, Inc.
|
Copyright © 2008
PR Newswire. All rights reserved.
|
|
|
|
|
Related
News
Global Traffic Network to Present at 2nd Annual LD Micro Conference
NEW YORK -
Global Traffic Network, Inc. (Nasdaq: GNET), a leading provider of
custom traffic and news reports to radio and television stations outside
the U.S., announced today that Chairman, Chief Executive Officer, and
President, Mr. William L. Yde III, will be presenting the Company's
When Holiday Meals Aren't a Gift
CHICAGO, Nov. 24 /PRNewswire/ -- The holiday season can be a time full of joy, cheer, parties and family gatherings. But for many people, especially those recovering from an eating disorder, it's a time of self-evaluation, loneliness, reflection on past failures and anxiety about an...
BNY Mellon Assisting Food Banks Nationally During Holiday Season
NEW YORK, Nov. 24 -- BNY Mellon, the global leader in asset management and securities servicing, is providing nearly $400,000 in funding to more than a dozen food banks and food distribution centers across the country during the current holiday season.
...
BNY Mellon Foundation Donates $25,000 to Food Bank of Central New York
SYRACUSE, N.Y. and ORISKANY, N.Y., Nov. 24 -- BNY Mellon said today that it will contribute $25,000 from its corporate foundation to the Food Bank of Central New York, where the need for emergency food assistance within the food bank's 11-county service area h...
Overseas Shipholding Group to Present at FBR Capital Markets Investor Conference
NEW YORK -
Overseas Shipholding Group, Inc. (NYSE: OSG), a market leader providing
global energy transportation services, announced today that Morten
Arntzen, President and Chief Executive Officer, will present at the FBR
Capital Markets 2009 Fall Investor Conference on Tuesday, December 1,
Maidenform Brands, Inc. Announces Election of Bernd Beetz to Its Board of Directors
ISELIN, N.J., Nov. 24 -- Maidenform Brands, Inc. (NYSE: MFB), a global branded marketer of intimate apparel, is pleased to announce that the Board of Directors has elected Bernd Beetz to the Board. Mr. Beetz will also function as a member of the Nominatin...
Latino Sports Fans Select 10 Semifinalists to Compete for First-Ever Miss Premios Fox Sports™ Crown
MIAMI -
Following nearly three weeks of voting online, Fox Pan American Sports
LLC, producer of Premios Fox Sports™ and operator of Fox
Sports en Español and Fox Sports Latin America, today
unveiled the 10 semifinalists advancing to the final round of
|
|
|
|
|
|
|
|
|
