iGate (IGTE) makes an open offer for 20.6% of Indian outsourcer Patni Computer Systems (PTI). On...

|By:, SA News Editor

iGate (IGTE) makes an open offer for 20.6% of Indian outsourcer Patni Computer Systems (PTI). On Monday, iGate, with support from private equity firm Apax Partners, bought a majority stake in Patni for $1.2B. Premarket, iGate -0.1%, Patni +0.2%.