Hart-Scott-Rodino waiting period ends early in Ares equity investment deal with Global BPO

By Lisa Kerner

Charlotte, N.C., July 2 - The Federal Trade Commission granted early termination of the Hart-Scott-Rodino waiting period in the proposed equity investment by Ares Corporate Opportunities Fund II, LP in Global BPO Services Corp. in conjunction with Global BPO's acquisition of Stream Holdings Corp.

Global BPO shareholders will vote on the investment and the acquisition at the company's annual meeting of stockholders on July 29 at 8 a.m. ET in Boston, it was previously reported.

Ares, a private equity group, and Global BPO agreed to acquire customer relationship management provider Stream Holdings for $200 million, a prior news release said.

Boston-based Global BPO was formed as a special-purpose acquisition corporation and has no significant operations.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.