China's Pactera Technology Receives "Going Private" Proposal from Blackstone, Management

Pactera Technology, a global consulting and technology services provider in China, said on Monday that its board has received a "going private" proposal to acquire all shares of Pactera from Blackstone and the company's management. The bid is valued at $7.50 per American Depositary Share in cash. Reuters is valuing the deal at $680 million. Blackstone is acting as advisor for the proposal while Citigroup Global Markets is serving as financial advisor to Pactera's executive team.

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