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PeopleSupport says it's received $15/share unsolicited acquisition proposal


Published : Fri, 30 Nov 2007 22:38
By : Agencies
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SAN FRANCISCO (Thomson Financial) - PeopleSupport Inc. said late Friday it has received an unsolicited, $15-a-share acquisition proposal from IPVG Corp. and AO Capital Partners.

PeopleSupport said its board will evaluate the offer.

The Los Angeles-based business process outsourcing company's shares surged more than 10% to close the regular session at $14.05.

Gabriel Madway

gm

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Copyright Thomson Financial News Limited 2007. All rights reserved.

The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News.

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