Why Singapore-Based BPO Company TDCX Shares Are Zooming Today

TDCX Inc TDCX shares are rocketing today by over 30% after it disclosed receiving a preliminary non-binding acquisition offer.

Notably, the company got an acquisition offer from Laurent Junique, its Founder, Executive Chairman, Director, and CEO, for a purchase price of $6.60/share or ADS in cash. 

The company has created a special committee of the Board, comprised solely of independent and disinterested directors, to consider the proposal letter dated January 2, 2024.

In November, the company reported revenue of $119.8 million (-5.4% Y/Y), missing the consensus of $124.2 million and adjusted EPS of $0.16, missing the street estimate of $0.21.

As of September 30, TDCX's cash and cash equivalent stood at $317.7 million.

Price Action: TDCX shares are up 31% at $6.33 premarket on the last check Wednesday.