The Wall Street Journal 06 June 2013
ISoftStone Holdings Ltd. (ISS) said it has received an acquisition offer from Chief Executive Tianwen Liu and China Asset Management Co. that values the China-based IT services firm at $339 million.
The company, which was founded in 2001, provides consulting and business process outsourcing services, focusing on the technology, communications, financial, energy, transportation, and public sectors.
Mr. Liu and China Asset Management are prepared to offer $5.85 per American depositary share, marking a 21% premium to Wednesday’s close.
In a letter, the buyout group said its proposal constitutes only a preliminary indication of its interest and is subject to negotiation of a definitive agreement.
Read more…
iSoftStone Reviewing Buyout Offer Valuing It at $339 Million
