iGate (IGTE) cancels the press conference scheduled for tomorrow, in which the company was...

|By:, SA News Editor

iGate (IGTE) cancels the press conference scheduled for tomorrow, in which the company was expected to announce a $900M+ deal for a majority stake in India's Patni Computer Services (PTI). iGate has no comment, other than that "the significant corporate development that was set to be announced on Monday is off."