Blackstone tables $660m take-private bid for China’s Pactera
The Blackstone Group has joined the flood of private equity firms targeting China take-privates, backing a management buyout of US-listed tech outsourcing firm Pactera Technology International. It takes the number of private equity-supported transactions of this nature to 19, of which 12 are still in progress.
According to a regulatory filing, a consortium comprising Blackstone and several members of Pactera's management team, have offered to pay $7.50 for all outstanding American Depository Receipts, valuing...
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