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.

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