Tuchman Reverses Decision to Make TTEC Holdings, Inc. (TTEC) Private

With a share price under $3 and strong hedge fund interest, TTEC Holdings, Inc. (NASDAQ:TTEC) secures a spot on our list of the 10 Best AI Stocks to Buy Under $3.

On August 1, 2025, TTEC Holdings, Inc. (NASDAQ:TTEC) announced Chairman and CEO Kenneth Tuchman’s decision not to pursue his prior proposal to take the company private. With the preliminary, non-binding offer made in September 2024, Tuchman expressed his intention to acquire all outstanding shares not already held by him and his affiliates.

However, Tuchman reversed his decision to make TTEC Holdings, Inc. (NASDAQ:TTEC) private, citing market conditions. Looking ahead, the board remains confident in the company’s leadership, reaffirming its commitment to delivering long-term shareholder value as a public entity.

This development comes shortly before TTEC Holdings, Inc. (NASDAQ:TTEC)’s Q2 2025 earnings release, scheduled for August 7, 2025.

With its AI-powered, digital-first customer experience (CX) solutions, TTEC Holdings, Inc. (NASDAQ:TTEC) helps enterprises create seamless, intelligent, and personalized interactions across all customer interaction channels. It is included in our list of the best AI stocks.

While we acknowledge the potential of TTEC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.