Baring Private Equity Asia to acquire Virtusa for $51.35/share

Sep. 10, 2020 7:10 AM ETVirtusa Corporation (VRTU)By: SA News Team
  • Baring Private Equity Asia to acquire Virtusa (NASDAQ:VRTU) for $51.35/share in an all-cash transaction valued at $2.0B.
  • The offer price represents a premium of 27% to Virtusa closing price on Sept. 9.
  • The deal values VRTU at 16.2x firm value/TTM EBITDA.
  • The transaction is expected to close in the first half of 2021.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.