
Baring to buy IT outsourcing player Virtusa for $2b
Baring Private Equity Asia has agreed to buy Virtusa, a global business consulting and IT outsourcing company with major delivery centers in India and Sri Lanka, for approximately $2 billion.
The Virtusa board has endorsed a deal that will see Baring acquire all outstanding shares for $51.35 apiece, a 27% premium to the closing price on September 9, the last trading day before the offer was...
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