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Blackstone, Pactera insiders make $680 million offer
By Greg Roumeliotis (Reuters) - Pactera Technology International Ltd said on Monday that Blackstone Group LP , together with the company's management, made a $680.3 million non-binding proposal to take China's largest technology outsourcing firm private. Pactera said it expected its board of directors to form a special committee of independent directors to consider the consortium's offer of $7.50 per share. Pactera shares surged 31.1 percent to $6.90. Suspicion over accounting standards has been a major drag on U.S. ... Read More »  | ||||
Monday, May 20, 2013
Business News Headlines - Yahoo! News
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