Shares of APAC Customer Services Inc. (NASDAQ: APAC), a Bannockburn, Illinois-based provider of customer care services and solutions, are soaring in today’s trading after the company agreed to be acquired by One Equity Partners. At last check, APAC shares were trading 54.96% higher at $8.43, with volume up from daily average of 154,402 to 23.82 million.

One Equity Partners, which is the private investment arm of JP Morgan Chase & Co. (NYSE: JPM), will acquire all outstanding shares of APAC fore $8.55 per share in an all-cash transaction. The $8.55 per share offer price represents a premium of 57% over APAC shares’ closing price on Wednesday.

Theodore Schwartz, chairman of APAC, said that the company said he believes that the transaction represents a compelling value and the board is pleased to recommend this deal to shareholders.

Kevin Keleghan, president and CEO of APAC, said that the company’s management team is looking forward to working with One Equity Partners to create a world-class enterprise dedicated to improving the customer experience.

On completion of the transaction, APAC will combine with NCO Group Inc., which is majority owned by One Equity Partners. NCO is a worldwide provider of business outsourcing services. Keleghan said that a partnership with NCO will create new opportunities for the company, its clients and its people.

Similar Posts:

• Stocks Selling Below Cash per Share
• Healthcare Realty Trust Holds The Line On Dividend
• Chesapeake Energy’s Bronco Drilling Purchase has $315 million Price Tag
• AMPH Redeems Preferred Stock
• Weight Watchers Looks A Little Too Porky
• Recovery from the Natural Gas Explosion
• Estee Lauder Gets Ugly After New Forecast