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BRIEF-ALJ regional holdings says Faneuil to acquire BPO, Contact Center Operations from Vertex Business Services
May 16, 2017 / 3:36 PM / 2 months ago

BRIEF-ALJ regional holdings says Faneuil to acquire BPO, Contact Center Operations from Vertex Business Services

1 Min Read

May 16 (Reuters) - ALJ Regional Holdings Inc:

* ALJ Regional Holdings, Inc. announces Faneuil's acquisition of BPO and Contact Center Operations from Vertex Business Services, LLC

* Faneuil, Inc. entered into asset purchase agreement to acquire BPO and Contact Center Operations of Vertex Business Services LLC

* Aggregate consideration for acquisition was $13.0 million, comprised of $8.1 million in cash and 1,466,667 shares of ALJ stock

* Acquisition is expected to increase Faneuil revenues by approximately $25 million over next 12 months

* Faneuil will consolidate BPO and Contact Center Operations of Vertex's client programs under Faneuil's corporate umbrella Source text for Eikon: Further company coverage:

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