LOS ANGELES - PeopleSupport Inc., an offshore business process outsourcing provider, said Friday it received a takeover offer worth $15 per share from IPVG Corp. and AO Capital Partners.
| PSPT | 12.11 |
The offer is an 18 percent premium to its closing price Thursday of $12.72.
PeopleSupport had about 23.8 million shares outstanding at the end of the third quarter, valuing the deal about $356.3 million.
The company, which operates call centers primarily in the Philippines, said its board plans to evaluate the unsolicited proposal and that its board recommends shareholders defer making any decision on the matter.
Philippines-based IPVG operates information technology and BPO businesses, while AO (American Orient) Capital Partners offers investment banking services.
Shares of PeopleSupport rose $1.33, or 10 percent, to close at $14.05 and added 53 cents to $14.58 in after-hours trade. The stock has traded in a 52-week range of $8.19 to $24.41.

Sarah Palin, the first woman vice presidential candidate for the Republican party, drew more than 40 million viewers on TV networks Wednesday whe...
Stephenie Meyer, who wrote 'Twilight', will not continue writing ...
IN THE HEADLINES McCain caps GOP convention vowing 'change is coming' to Washing...


Professional Website Design For Corporate - Get a Free Quote Today