iGate Corp. (IGTE) is -21% to $19.61 as sources say the California-based software services...

|By:, SA News Editor

iGate Corp. (IGTE) is -21% to $19.61 as sources say the California-based software services company wants to raise $700M to finance a joint bid for rival Patni Computer Systems (PTI), which is +0.1% to $20.58. The Patni family wants to sell its 46% stake, and iGate wants to expand its outsourcing capabilities.