Nco (NASDAQ:NCOG)
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NCO Group Completes Acquisition of RMH Teleservices
HORSHAM, Pa., April 2 /PRNewswire-FirstCall/ -- NCO Group, Inc. ("NCO") , a
leading provider of accounts receivable management and collection services,
reported today that it has completed the acquisition of RMH Teleservices, Inc.
("RMH") . RMH is a provider of customer relationship management services.
RMH shareholders will receive 0.215 shares of NCO common stock for each share of
RMH common stock. Based on the April 1, 2004 closing price of NCO common stock,
RMH shareholders will receive $5.06 worth of NCO common stock for each share of
RMH common stock. The transaction is expected to be tax free to the RMH
shareholders. NCO issued approximately 3.4 million shares ofNCO common stock
to RMH's shareholders, which represents approximately 11.0% of NCO's outstanding
common stock. The transaction is expected to be neutral to slightly accretive
to NCO's earnings in 2004 and slightly accretive in 2005 and beyond.
Forfurther information contact:
Michael J. Barrist, Chairman and CEO
Steven L. Winokur, EVP, Finance and CFO
Paul E. Weitzel, Jr., EVP, Corporate Development and International
Operations
(215) 441-3000
http://www.ncogroup.com/
Certain statements in this press release, including, without limitation,
statements as to the impact of the acquisition, statements as to NCO's, or its
management's beliefs, expectations or opinions, and all other statements in this
press release, other than historical facts, are forward-looking statements, as
such term is defined in the Securities Exchange Act of 1934, which are intended
to be covered by the safe harbors created thereby. Forward-looking statements
are subject to risks and uncertainties, are subject to change at any time and
may be affected by various factors that may cause actual results to differ
materially from the expected or planned results. In addition to the factors
discussed above, certain other factors, including without limitation, risks
relating to acquisitions including possible unknown liabilities and integration,
the risk that NCO will not be able to implement its business strategy as and
when planned, risks related to the final outcome of the environmental liability,
risks related to past and possible future terrorist attacks, risks related to
the economy, the risk that NCO will not be able to improve margins, risks
relating to growth and future acquisitions, risks related to fluctuations in
quarterly operating results, risks related to the timing of contracts, risks
related to international operations, and other risks detailed from time to time
in NCO's filings with the Securities and Exchange Commission, including the
Annual Report on Form 10-K, can cause actual resultsand developments to be
materially different from those expressed or implied by such forward-looking
statements. NCO disclaims any intent or obligation to publicly update or revise
any forward-looking
statements, regardless of whether new information becomes available, future
developments occur or otherwise.
DATASOURCE: NCO Group, Inc.
CONTACT: Michael J. Barrist, Chairman and CEO, or Steven L. Winokur,
EVP, Finance and CFO, or Paul E. Weitzel, Jr., EVP, Corporate Development and
International Operations, of NCO Group, +1-215-441-3000
Web site: http://www.ncogroup.com/