Ropes & Gray Reps Blackstone In $625M Pactera MBO

Law360, New York (October 17, 2013, 12:48 PM ET) -- China’s Pactera Technology International Ltd. agreed on Wednesday to go private in a $625 million sale to a group led by Blackstone Group LP that includes insiders at the technology outsourcing company, closing out a month of haggling over the proposed purchase price.

Under the deal’s terms, Pactera shareholders will receive $7.30 per American depositary share, a 39 percent premium over the company’s close on May 17, the last trading day before it announced a takeover bid from the consortium. Originally, the group offered $7.50 per ADS...
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