BEIJING, Jan. 30, 2014 /PRNewswire/ -- Pactera Technology
International Ltd. (Nasdaq: PACT) ("Pactera" or the "Company"), a
global consulting and technology services provider strategically
headquartered in China, today
announced that it has called an extraordinary general meeting of
shareholders (the "EGM"), to be held on March 6, 2014 at 10:00
a.m. (Beijing Time). The meeting will be held at
Building C-4, No. 66 Xixiaokou Road, Haidian District, Beijing 100192, the
People's Republic of China, to consider and vote on, among
other things, the proposal to authorize and approve the previously
announced Agreement and Plan of Merger dated as of October 17, 2013 (the "Merger Agreement"), among
the Company, BCP (Singapore) VI
Cayman Acquisition Co. Ltd. ("Parent"), BCP (Singapore) VI Cayman Financing Co. Ltd.
("Midco") and BCP (Singapore) VI
Cayman Merger Co. Ltd. ("Merger Sub"), the plan of merger (the
"Plan of Merger") and the transactions contemplated thereby. The
transaction has already obtained all necessary antitrust approvals
under the PRC Anti-Monopoly Law, the Japanese Act on Prohibition of
Private Monopolization and Maintenance of Fair Trade and the U.S.
Hart-Scott-Rodino Antitrust Improvements Act of 1976.
(Logo: http://photos.prnewswire.com/prnh/20130118/CN37843LOGO
)
Pursuant to the Merger Agreement, Merger Sub will be merged with
and into the Company, with the Company continuing as the surviving
company after the merger. If completed, the Company will continue
its operations as a privately held company and, as a result of the
merger, the American depositary shares, each representing one Share
(the "ADSs"), will no longer be listed on the NASDAQ Global Select
Market and the American depositary shares program for the ADSs will
terminate. The Company's board of directors, acting upon the
unanimous recommendation of the special committee of the board of
directors, authorized and approved the Merger Agreement, the Plan
of Merger and the transactions contemplated thereby, and resolved
to recommend that the Company's shareholders and ADS holders vote
for, among other things, the proposal to authorize and approve the
Merger Agreement, the Plan of Merger and the transactions
contemplated thereby.
Shareholders of record as of the close of business in the
Cayman Islands on February 12, 2014 will be entitled to vote at the
EGM. The record date for ADS holders entitled to instruct Deutsche
Bank Trust Company Americas, the ADS depositary, to vote the shares
represented by the ADSs is the close of business in New York City on January 30, 2014. Additional information
regarding the EGM and the Merger Agreement can be found in the
transaction statement on Schedule 13E-3, and the proxy statement
attached as Exhibit (a)-(1) thereto, filed with the Securities and
Exchange Commission (the "SEC"), which can be obtained from the
SEC's website (http://www.sec.gov). INVESTORS AND SHAREHOLDERS
ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THESE PROXY
MATERIALS AND OTHER MATERIALS FILED WITH OR FURNISHED TO THE SEC,
AS THEY CONTAIN IMPORTANT INFORMATION ABOUT THE COMPANY, THE MERGER
AND RELATED MATTERS.
This announcement is neither a solicitation of proxies, an offer
to purchase nor a solicitation of an offer to sell any securities
and it is not a substitute for the proxy statement and other
materials that have been or will be filed with or furnished to the
SEC.
About Pactera
Pactera Technology International Ltd. (NASDAQ: PACT), formed by
a merger of equals between HiSoft Technology International Limited
and VanceInfo Technologies Inc., is a global consulting and
technology services provider strategically headquartered in
China. Pactera provides
world-class business / IT consulting, solutions, and outsourcing
services to a wide range of leading multinational firms through a
globally integrated network of onsite and offsite delivery
locations in China, the United States, Europe, Australia, Japan, Singapore and Malaysia. Pactera's comprehensive services
include business and technology advisory, enterprise application
services, business intelligence, application development &
maintenance, mobility, cloud computing, infrastructure management,
software product engineering & globalization, and business
process outsourcing.
For more information about Pactera, please visit
www.pactera.com.
Safe Harbor: Forward-Looking Statements
This news release contains forward-looking statements.
These statements constitute "forward-looking" statements within the
meaning of Section 21E of the Securities Exchange Act of 1934,
as amended, and as defined in the U.S. Private Securities
Litigation Reform Act of 1995. These forward-looking statements can
be identified by terminology such as "will," "expects,"
"anticipates," "future," "intends," "plans," "believes,"
"estimates," "target," "going forward," "outlook" and similar
statements. Such statements are based upon management's current
expectations and current market and operating conditions, and
relate to events that involve known or unknown risks, uncertainties
and other factors, all of which are difficult to predict and many
of which are beyond Pactera's control, which may cause Pactera's
actual results, performance or achievements to differ materially
from those in the forward-looking statements. Potential risks and
uncertainties include, but are not limited to, the Company's
dependence on a limited number of clients for a significant portion
of its revenues, uncertainty relating to its clients' forming or
plan to form joint venture with the Company's competitors, the
economic slowdown in its principal geographic markets, the quality
and portfolio of its service lines and industry expertise, and the
availability of a large talent pool in China and inflation of qualified
professionals' wages, as well as the PRC government's investment in
infrastructure construction and adoption of various incentives in
the IT service industry. Further information regarding these and
other risks, uncertainties or factors is included in Pactera's
filings with the U.S. Securities and Exchange Commission. All
information provided in this news release is as of the date of
this news release, and Pactera does not undertake any
obligation to update any forward-looking statement as a result of
new information, future events or otherwise, except as required
under applicable law.
For further information, please contact:
Tracy Zhou
Investor Relations
Pactera Technology International Ltd.
Tel: +86-10-5987-5138
E-mail: ir@pactera.com
SOURCE Pactera Technology International Ltd.