On may 2 13, 2 1, Pact (Nasdaq) announced that the board of directors had received non-binding privatization offers from Blackstone group, CEO Tiak Koon Loh, board members, Sidney Huang, and others, and would privatize the company at a price of $7.50 per share.
Chronology of major events:
In 2020, HNA, a shareholder of Pactera, formally reached an equity purchase agreement with the Hong Kong subsidiary of China Electronic Information Industry Group Co., Ltd., and Pactera became a member enterprise of China Electronics.
20 14 10 June10, Zinnov, an internationally renowned globalization and market expansion consulting company, recently released the 2014 Global R&D Service Provider Rating (GSPR) research report. In the field of engineering services, Pactera was once again awarded the "leading" level in enterprise software and consumer software industries, ranking among the top three technology R&D service providers in the world.