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Stock Market & Financial Investment News

News Breaks
December 12, 2012
07:56 EDTGGenpact secondary risk is minimal, says RW Baird
Baird expects shares of Genpact to be weak following its announcement of a secondary offering. The firm believes the ongoing secondary risk is minimal and views the company risk/reward as favorable citing its strong management team, execution, and potential upside to Q4 estimates. Shares are Outperform rated with a $20 price target.
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April 8, 2014
08:26 EDTGGenpact accepted payments for $302.6M from modified "Dutch Auction" offer
Genpact announced the final results of its modified "Dutch Auction" self-tender offer for the purchase of up to $300M in value of its common shares, which expired at 12:00 Midnight, New York City time, at the end of the day on April 2. Based on the final count by Computershare Trust Company, N.A., the depositary for the tender offer, Genpact accepted for payment an aggregate of 17,292,842 common shares at a final purchase price of $17.50 per share, for an aggregate cost of approximately $302.6M, excluding fees and expenses relating to the tender offer. The shares accepted for purchase in the tender offer include shares accepted through Genpact's exercise of its right to upsize the tender offer by up to 2% of its outstanding shares.

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