Teleperformance dips after $490 mln ZP acquisition
** Shares in Teleperformance TEPRF.PA dip around 3% after the French outsourcing company said it would buy ZP Better Together (ZP) for $490 million
** RBC says the deal makes sense from a divisional perspective, but adds that some investors might question the choice of a potentially risky acquisition versus share buybacks
** " ... few investors we have spoken to have been calling for a near half-billion dollar deployment of capital into an area that also potentially carries longer-term AI disruption risk," RBC says
** J.P.Morgan notes the deal likely reduces the potential scope of further share buybacks at least in the near term
** Up to the previous session's close, shares were down 33% YTD
Reporting by Leo Marchandon
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