Blackstone consortium reduces Pactera MBO offer
A consortium led by The Blackstone Group has made a definitive offer for Pactera Technology International that values the US-listed tech outsourcing firm at approximately $600 million. Existing investor GGV Capital is also participating in the bid alongside company management.
According to a regulatory filing, the consortium is offering $7.00 apiece for all outstanding American Depository Shares (ADSs), which represents a 33% premium to the May 17 closing price, when the original...
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