Chinese Tech Firm Buyers Trim Offer Over Weak Performance

Law360, New York (November 4, 2013, 4:30 PM EST) -- A Chinese buyout consortium has cut the size of its offer to China-based information technology provider iSoftStone Holdings Ltd., after the company posted "weaker than expected" financial performance, iSoftStone said Monday.

CEO and Chairman Tianwen Liu and China Asset Management Co. Ltd., one of China's biggest domestic asset managers, offered $0.585 per share of iSoftStone in June but the company's performance since then made the buyers reduce the offer to $0.545 per regular share. They also reduced the offer for American Depository Shares in the company...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.