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The Rise of TDCX Stock: Founder Proposes $6.60/Share Acquisition

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  • TDCX (NYSE:TDCX) experiences an impressive premarket surge of over 25% on Wednesday following a bold move by the company’s founder, chairman, and CEO, Laurent Junique. Junique has put forth a preliminary non-binding proposal to acquire all outstanding ordinary shares of the firm.
  • Junique’s proposal stands at a noteworthy $6.60 per ordinary share or American depositary shares in cash, excluding the shares he already holds in the company.
  • The proposal will undergo scrutiny from a special committee of the TDCX board, composed exclusively of independent and impartial directors.
  • Despite the excitement, uncertainty looms as there is no guarantee that Junique will formalize an offer to the company or that the proposed transaction will come to fruition.

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