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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (41070)	1/15/2011 6:39:47 PM
From: Jurgis Bekepuris	Read Replies (1) \| Respond to of 78673

Paul, You realize that majority of PTI is being acquired by iGate, which is a smaller company, in a leveraged buyout: bizjournals.com fool.com ? The future of minority shareholders of PTI is unclear although there is a tender offer in market for 20.6% of shares. Someone on Yahoo boards claim that the tender is at $22.35 - and it seems that SEC filling sec.gov confirms this. The stock may be a buy for a tender, however, not all shares tendered might be accepted, so there's still risk. The future of the company or its US listing is unclear either. iGate may decide to keep PTI listing and remove whatever listings iGate had. It is unclear if iGate will keep business in PTI or try to move contracts to iGate side. In any case, the future may now also depend on iGate corporate performance, which is unknown to me. Disclaimer: I have small PTI position, but I won't add here, since for me the future upside is impossible to determine.