Stefanini Targets US Buy

Brazil’s Stefanini IT Solutions has launched a tender offer for all outstanding shares of common stock in TechTeam. Stefanini made an $8.35 per share tender offer, net of cash, for the US IT outsourcing and BPO company. The per share offer implies an aggregate deal value of $93.44m. TechTeam does not return calls for comment. The Brazilian IT solutions provider’s offer will expire December 10.