Khaitan & Co, Hengeler Mueller, Freshfields act on Persistent's $1.4 billion acquisition of Nagarro
Persistent Systems Limited has acquired up to 100% stake in Nagarro SE through a combination of the acquisition of 21% stake under a negotiated deal and a voluntary public takeover offer, in a transaction valued at ~$1.4 billion. Under the transaction, Lantano Beteiligungen GmbH has agreed to sell its entire 21% stake in Nagarro SE to Persistent at the offer price of EUR 81 per share. Concurrently, Persistent has announced a voluntary public takeover offer to acquire all remaining outstanding shares of Nagarro SE for a cash consideration of EUR 81 per share, following the execution of a Business Combination Agreement among Persistent and Nagarro SE. Khaitan & Co advised Persistent on this…
Sources
- Bar & Bench - Dealstreet
- RBI notifications · official
- BSE corporate announcements · official
- NSE corporate announcements · official
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