Dechert Reps JPMorgan Unit In $470M APAC Buy

Law360, New York (July 7, 2011, 12:16 PM EDT) -- The private investment arm of JPMorgan Chase & Co. said Thursday it had agreed to acquire call center services company APAC Customer Services Inc. for $470 million in cash.

JPMorgan's One Equity Partners will pay shareholders $8.55 per share, a 57 percent premium over Wednesday's closing price, according to the companies. One Equity plans to combine APAC with its existing call center company, NCO Group Inc.

"We believe this combination will allow both APAC and NCO to enhance the levels of service and support that they...
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