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Stock Market & Financial Investment News

News Breaks
January 24, 2014
06:04 EDTPACT, BXPactera acquires Innoveo Solutions, establishes office in Switzerland
Pactera (PACT) announced the acquisition of Innoveo Solutions, a Swiss based IT software product company, effective January 1. Innoveo is a fully owned entity of Pactera and will be renamed Pactera Switzerland AG in Q1, establishing an additional base for Pactera to serve a broad list of clients in the region. In October 2013, Pactera signed a definitive agreement under which the company will be acquired by a consortium led by funds managed or advised by US-headquartered private equity investment firm Blackstone (BX).
News For PACT;BX From The Last 14 Days
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September 29, 2014
15:50 EDTBXCSC contacts PE firms on leveraged buyout interest, Bloomberg reports
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15:46 EDTBXCSC explores LBO, contacts Blackstone, Bain to gauge interest, Bloomberg says
September 23, 2014
13:53 EDTBXBlackstone COO says company was 'never in Russia,' CNBC reports
Blacksone COO Tony James disputed a Financial Times report that said the group was "giving up on Russia," reports CNBC. In an interview with CNBC's "Squawk Box," James said "We were never in Russia. We've never had an office, employee or investment in Russia." James added that Blackstone has a consultant in Russia but has not determined whether or not to renew the contract. Reference Link
September 21, 2014
14:43 EDTBXBlackstone does not renew contracts to its consultants in Russia, FT says
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September 17, 2014
07:37 EDTBXMorningstar to hold a conference
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September 16, 2014
07:38 EDTBXBlackstone looks to raise $16B for new buyout fund, WSJ reports
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