Virtusa to Be Acquired by Baring Private Equity Asia in $2 Billion Cash Transaction

Virtusa Corp. said it is being bought by Baring Private Equity Asia for $51.35 a share in an all-cash transaction valued at about $2 billion.

The purchase price represents a roughly 27% premium over the closing price of Virtusa shares Wednesday. Southborough, Mass.-based Virtusa is an information-technology services company.

The deal is expected…

Source: www.wsj.com

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