Attached files
| file | filename |
|---|---|
| 8-K - TECHTEAM GLOBAL INC | v200687_8k.htm |
| EX-2.1 - TECHTEAM GLOBAL INC | v200687_ex2-1.htm |
| EX-99.2 - TECHTEAM GLOBAL INC | v200687_ex99-2.htm |
| EX-99.1 - TECHTEAM GLOBAL INC | v200687_ex99-1.htm |
Exhibit
99.3
November
2, 2010
Subject: Important
Update from TechTeam Global
Dear
<name>,
As a
highly valued customer, I am sending you this note to inform you of an exciting
development at our company.
With the
full support of the management team, TechTeam Global’s board of directors has
unanimously approved a definitive agreement pursuant to which Stefanini
International Holdings Ltd (d/b/a Stefanini IT Solutions) will launch a tender
offer to acquire the outstanding shares of TechTeam with the goal of achieving a
merger of the two companies.
Stefanini
IT Solutions is a privately held global IT solutions provider with over 20 years
of experience in the IT services sector and roots in São Paulo,
Brazil. Earlier this year, Stefanini and TechTeam formed what has
become a very successful partnership enabling TechTeam to leverage Stefanini’s
capabilities in order to provide Latin American-based support for
customers.
As the
two companies have worked together, it has become clear that our geographic
footprints and service portfolios are highly complementary. Further,
we share similar customer-oriented cultures that enable us to work well together
to deliver valuable solutions for clients. A combination will make it
possible for us to provide an increased breadth and depth of services to you
around the world.
We expect
the merger to close by the end of this year. After completion, the
combined company will have annual revenue in excess of $500M, a direct presence
in 27 countries (up from 16 today), a broader service portfolio — and increased
financial stability, scale and ability to invest and innovate.
We, with
Stefanini, are fully committed to ensuring stability, continuity and consistency
as we integrate our two companies to achieve increased long-term value for our
customers. Aligned with this:
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There
are no planned changes to our client service management teams, delivery
teams or governance model
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The
organization structure will remain simple, clear and
flat
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No
changes are planned to initiatives already
underway
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Our
alliances and partnerships remain in place and will expand in the merged
company
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We
will continue to focus sharply on execution to meet or exceed our
commitments
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We
will maintain our core values of flexibility, agility and responsiveness
in support of your evolving business
needs
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For more
information on this exciting development, please see our press
release.
We will
provide more information to you as the transaction progresses. Your
client service management team is available to answer questions, but please do
not hesitate to contact me for a direct discussion as needed.
Thank you
for your continued support,
Gary
Gary J.
Cotshott
President
and CEO
Tel +1
248 263 5657 | Fax +1 248 356 0840
TechTeam
Global, Inc.
www.techteam.com
The
tender offer to purchase shares of TechTeam Global common stock referenced in
this correspondence has not yet commenced, and this correspondence is neither an
offer to purchase, nor a solicitation of an offer to sell, any securities. The
tender offer to purchase shares of TechTeam Global common stock will be made
only pursuant to a Tender Offer Statement on Schedule TO containing an offer to
purchase, forms of letters of transmittal and other documents relating to the
tender offer (the “Tender Offer Statement”), which Platinum Merger Sub, Inc., a
wholly-owned subsidiary of Stefanini International Holdings Ltd, will file with
the SEC and mail to TechTeam Global stockholders. At the time the tender offer
is commenced, TechTeam Global will file a Solicitation / Recommendation
Statement with respect to the tender offer (the “Recommendation Statement”).
Security holders of TechTeam Global are advised to read the Tender Offer
Statement and Recommendation Statement when they become available, because they
will contain important information about the tender offer. Investors and
security holders of TechTeam Global also are advised that they may obtain free
copies of the Tender Offer Statement and other documents filed by Platinum
Merger Sub, Inc. with the SEC (when these documents become available) and the
Recommendation Statement and other documents filed by Stefanini International
Holdings Ltd (when these documents become available) on the SEC’s website at
http://www.sec.gov.
In addition, free copies of the Tender Offer Statement and related materials may
be downloaded (when these documents become available) from TechTeam Global’s
website at: http://www.techteam.com/investors/sec-filings;
and free copies of the Recommendation Statement and related materials may be
obtained (when these documents become available) from TechTeam Global by written
request to: TechTeam Global, Inc., Attn: Investor Relations, 27335 West 11 Mile
Road, Southfield, Michigan 48033.