Share: $195 million Transaction expected to accelerate technology roadmap and fuel growth ATLANTA and NEW YORK, Dec. 24, 2020 (GLOBE NEWSWIRE) -- PRGX Global, Inc. (NASDAQ:PRGX), a global leader in recovery audit and spend analytics services, and Ardian, a world-leading private investment house, today announced that they have entered into a definitive agreement for Ardian to acquire PRGX. The transaction is led by Ardian's North America Direct Buyouts team. Under the terms of the agreement, Ardian will pay PRGX shareholders $7.71 per share in cash for each share of PRGX's common stock they hold, which represents a 32.7% premium to the PRGX volume-weighted average price for the 90 trading days preceding the public announcement of the transaction with Ardian. The all-cash transaction, subject to completion, is valued at approximately $195 million. The members of the PRGX Board of Directors are unanimously in favor of the transaction, which was approved at a special meeting of the Board. Upon closing, PRGX will operate as a privately held company.