Reuters: Regulatory News: Bain Cap gets go-ahead for Genpact stake purchase

Reuters: Regulatory News Reuters.com is your source for breaking news, business, financial and investing news, including personal finance and stocks. Reuters is the leading global provider of news, financial information and technology solutions to the world's media, financial institutions, businesses and individuals. // via fulltextrssfeed.com

Bain Cap gets go-ahead for Genpact stake purchase Sep 7th 2012, 14:11 Fri Sep 7, 2012 10:11am EDT WASHINGTON, Sept 7 (Reuters) - U.S. private equity firm Bain Capital Partners has won U.S. antitrust approval to buy a major stake in technology outsourcing services provider Genpact Ltd , the Federal Trade Commission said on Friday. Bain, which was co-founded by Republican U.S. presidential candidate Mitt Romney, will pay about $1 billion, or $14.76 per share, to buy 68 million Genpact shares, the company said in a statement in early August. The FTC announced the antitrust approval in a list that it puts out several times a week. Genpact, which has a market value of about $3.82 billion, was set up by General Electric Co in 1997 in the north Indian city of Gurgaon to provide back-office services to its group companies. It was spun off as a separate company in 2005.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions