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Thursday, February 17, 2011

TAKEOVERCHATTER-Convergys may spark buyout interest-sources, (NYSE: CVG)

As technology giants and private equity firms look for potential acquisition targets, customer relationship company Convergys Corp (CVG.N) may spark renewed interest, several sources familiar with the situation said. Shares of Convergys rose as high as 3 percent on the New York Stock Exchange on Thursday, before ending up 1.75 percent at $14.53 per share. Convergys, which provides outsourced customer care and billing in places like India and the Philippines, reviewed strategic alternatives last summer, including the possible sale of the company or of certain assets, one of the sources said.