Orrick, Simpson Advise $875M Merger Of Chinese IT Cos.

Law360, New York (August 10, 2012, 2:32 PM EDT) -- Software development companies VanceInfo Technologies Inc. and hiSoft Technology International Ltd. are coming together in an $875 million merger to form the largest China-based offshore IT services provider, the companies said Friday.

Per the all-stock deal, investors of both VanceInfo and hiSoft will own equal halves of the new company, which will live on under hiSoft's NASDAQ ticker of HSFT. A new name for the company will be announced at a later date, the companies said.

To make sure both firms have the same number of...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.