Ropes & Gray Reps Blackstone In $680M Pactera Bid

Law360, New York (May 20, 2013, 4:24 PM EDT) -- Pactera Technology International Inc. is fielding a nonbinding go-private bid lobbed Monday by private equity giant Blackstone Group LP and company insiders that places its value higher than $680 million and could provide a boost after a sluggish start to 2013.

The Chinese company said it would form a special committee to independently evaluate the proposal. Under the deal’s terms, shareholders would receive $7.50 per share, a premium of more than 40 percent over Nasdaq-listed Pactera’s Friday close.

Behind consortium leader Blackstone, Pectera’s nonexecutive chairman and...
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