Global BPO Services raised $250 million in an IPO of a Special Purpose Acquisition Corp in October 2007.

It closed the acquisition of Stream Holdings Corporation in July 2008 for $300 million in cash and assumption of debt.

In connection with the merger, the company raised $200 million in a public debt offering led by Goldman Sachs.

The non-binding proposal also included a provision to extend the exercisability of the public warrants by two years that would otherwise expire in October 2011.

Trillium Capital LLC and R Scott Murray agreed to sell its ownership back to the company.