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Jan. 30, 2014 /PRNewswire/ -- Pactera Technology International Ltd. (Nasdaq: PACT) ("Pactera" or the "Company"), a global consulting and technology services provider strategically headquartered in
China, today announced that it has called an extraordinary general meeting of shareholders (the "EGM"), to be held on
March 6, 2014 at
10:00 a.m. (Beijing Time). The meeting will be held at Building C-4, No. 66 Xixiaokou Road, Haidian District,
the People's Republic of China, to consider and vote on, among other things, the proposal to authorize and approve the previously announced Agreement and Plan of Merger dated as of
October 17, 2013 (the "Merger Agreement"), among the Company, BCP (
Singapore) VI Cayman Acquisition Co. Ltd. ("Parent"), BCP (
Singapore) VI Cayman Financing Co. Ltd. ("Midco") and BCP (
Singapore) VI Cayman Merger Co. Ltd. ("Merger Sub"), the plan of merger (the "Plan of Merger") and the transactions contemplated thereby. The transaction has already obtained all necessary antitrust approvals under the PRC Anti-Monopoly Law, the Japanese Act on Prohibition of Private Monopolization and Maintenance of Fair Trade and the U.S. Hart-Scott-Rodino Antitrust Improvements Act of 1976.
Pursuant to the Merger Agreement, Merger Sub will be merged with and into the Company, with the Company continuing as the surviving company after the merger. If completed, the Company will continue its operations as a privately held company and, as a result of the merger, the American depositary shares, each representing one Share (the "ADSs"), will no longer be listed on the NASDAQ Global Select Market and the American depositary shares program for the ADSs will terminate. The Company's board of directors, acting upon the unanimous recommendation of the special committee of the board of directors, authorized and approved the Merger Agreement, the Plan of Merger and the transactions contemplated thereby, and resolved to recommend that the Company's shareholders and ADS holders vote for, among other things, the proposal to authorize and approve the Merger Agreement, the Plan of Merger and the transactions contemplated thereby.