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Stock impact report

Convergys Reports Second Quarter Results

CONVERGYS (CVG) 
Last convergys earnings: 5/8 04:15 pm Check Earnings Report
US:NYSE Investor Relations: investor.convergys.com
Company Research Source: Business Wire
CINCINNATI--(BUSINESS WIRE)-- Convergys Corporation (NYSE: CVG), a global leader in customer experience outsourcing, today announced its financial results for the second quarter of 2018. In the second quarter, Convergys announced that it had entered into a definitive agreement under which SYNNEX Corporation (NYSE: SNX) (“SYNNEX”) will acquire the Company in a cash and stock transaction. Under the terms of the agreement, Convergys shareholders will receive $13.25 per share in cash and 0.1193 shares of SYNNEX common stock for each Convergys common share they own, subject to a collar as described in the merger agreement. The transaction, which is subject to customary closing conditions, including the approval of the shareholders of both companies and the receipt of regulatory approvals, is expected to close by the end of 2018. Second Quarter Summary Revenue of $649 million, Show less Read more
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