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Genpact To Pay $550M For Headstrong
Genpact will buy Fairfax, Virginia-based IT services provider, Headstrong, for $550 million.
Genpactwill buy Fairfax, Virginia-basedIT services provider,Headstrong, for $550 million,The Wall Street Journalreports. The Indian business process and technology management company plans to fund the purchase with a combination of existing cash and debt.
The transaction is expected to be completed by the end of next month.Citigroup GlobalMarketsandUBS Securitieswere appointed as financial advisers by Genpact, whileMorgan Stanleyadvised Headstrong on the deal.
Click here for the story fromThe Wall Street Journal.
Click here for additional coverage fromReuters.