ENGLEWOOD, Colo., March 19, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- TeleTech Holdings,
Inc. (Nasdaq: TTEC), today announced that it has filed a Registration
Statement under the Securities Act of 1933 with the Securities and Exchange
Commission for a public offering of 5,000,000 shares of TeleTech common stock.
The shares are being offered by Mr. Kenneth D. Tuchman, chairman and chief
executive officer of TeleTech. TeleTech is not selling any shares in the
offering and will not receive any proceeds from the offering. Mr. Tuchman has
also granted the underwriters an option to acquire an additional 750,000
shares. All proceeds will go directly to the selling shareholder, Mr.
Tuchman. The offering will reduce Mr. Tuchman's holdings in TeleTech from
approximately 53% to approximately 46% of TeleTech's outstanding shares of
Citigroup Global Markets Inc., Morgan Stanley & Co. Incorporated, Merrill
Lynch and Credit Suisse Securities (USA) LLC are acting as co-bookrunning
managers for the offering.
A copy of the prospectus relating to the offering may be obtained from
Citigroup Global Markets Inc., Brooklyn Army Terminal, 140 58th Street, 8th
floor, Brooklyn, NY 11220 Attention: Prospectus Department, telephone
(718) 765-6732; Morgan Stanley & Co. Incorporated, 180 Varick Street, 2nd
floor, New York, NY 10014 Attention: Prospectus Department, email:
Prospectus@morganstanley.com, telephone (917) 606-8474; Merrill Lynch, 4
World Financial Center, North Tower 29th Floor, New York, NY 10080, telephone
(212) 449-1000; and Credit Suisse Securities (USA) LLC, Prospectus Department,
One Madison Avenue, New York, NY 10010, telephone: (212) 325-2580.
TeleTech is a global provider of business process outsourcing solutions.
SOURCE TeleTech Holdings, Inc.
Investors, Karen Breen, Investor Relations, +1-303-397-8592, or Media, KC Higgins,
Public Relations, +1-303-434-8163, both of TeleTech Holdings, Inc.