Sykes Enterprises Inc. (SYKE) announced Tuesday morning that it entered into a definitive agreement to acquire ICT Group Inc. (ICTG) for $15.38 per share, approximately $263 million. Sykes Enterprises rose sharply early Tuesday and climbed further around midday. Shares broke out sharply higher in the final 2 hours of the afternoon and finished up by $2.56 at $22.71 on the highest volume of the year. The stock rose above a 2-month range and closed at a new high for the year.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.