Sykes Enterprises sold in $2.2 billion deal

Sykes, one of Tampa's largest companies, sold to Miami's Sitel Group in all cash deal


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  • | 9:44 a.m. June 18, 2021
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TAMPA — Sykes Enterprises has been sold in an all-cash deal valued at about $2.2 billion to the Sitel Group.

Sitel will buy Sykes through a subsidiary at a purchase price of $54 per share, according to a statement issued Friday morning. The price, according to the statement posted on Sykes investor relations page, “represents a premium of 31.2%” over Sykes’ share price at the close of business June 17, 2021 and 29.1% over the 30-day “volume-weighted average price” of the stock.

 

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