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Technology M&A image Technology M&A » By The Online Investor Staff, updated Sun., Sep. 20, 10:52 PM Recent mergers and acquisitions in the Technology M&A category.

Slide #53. iSoftStone Holdings Limited New iSoftStone Holdings Limited and New iSoftStone Acquisition Limited

Acquirer: iSoftStone Holdings Limited (ISS)
Acquiree: New iSoftStone Holdings Limited and New iSoftStone Acquisition Limited
Details: iSoftStone Holdings Limited ("iSoftStone" or the "Company") (NYSE: ISS), a leading China-based IT services provider, today announced that it has entered into a definitive Agreement and Plan of Merger (the "Merger Agreement") with New iSoftStone Holdings Limited ("Parent") and New iSoftStone Acquisition Limited ("Merger Sub"), pursuant to which Parent will acquire iSoftStone (the "Transaction") for US$0.57 per ordinary share of the Company (a "Share") or US$5.70 per American depositary share, each representing ten Shares (an "ADS"). This amount represents a premium of 17.8% over the Company's closing price of US$4.84 per ADS on June 5, 2013, the last trading day prior to June 6, 2013, the date that the Company announced that it had received a "going-private" proposal, and a premium of 26.4% to the volume-weighted average closing prices of the Company's ADSs during the 30 trading days prior to June 6, 2013.

iSoftStone Holdings is a holding company. Through its subsidiaries, Co. is engaged as a China-based IT services provider, serving both Greater China and Global clients. Co.'s integrated suite of IT services and solutions, including Consulting & Solutions, IT Services and Business Process Outsourcing, supports corporations in China, the United States, Europe and Japan. Co. manages its business primarily around four target industry verticals: Technology; Communications; Banking, Financial Services and Insurance; and Energy, Transportation and Public sector.

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Company Name: 
iSoftStone Holdings Ltd.
Website: 
www.isoftstone.com
Sector: 
Information Technology Services
 

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Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)
Based on Zacks ABR data;
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