Wipro completes tender offer for Infocrossing

By Lisa Kerner

Charlotte, N.C., Sept. 18 - Wipro Ltd. said some 20,465,514 shares were validly tendered in the $18.70-per-share tender offer by its subsidiary Roxy Acquisition Corp. for Infocrossing, Inc.

The companies announced a definitive agreement on Aug. 6, and the tender offer expired on Monday.

Wipro now holds at least 90% of Infocrossing's outstanding shares. The company said it will complete the acquisition through a short-form merger "as soon as practicable," according to a company news release.

Infocrossing is a Leonia, N.J., information technology outsourcing solutions provider.

Wipro provides information technology services and is based in Bangalore, India.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.