Blackstone-led buyout group makes lower bid for Pactera –Reuters

(Reuters) – China’s largest technology outsourcing company, Pactera Technology International Ltd, said it received a lower offer to be taken private by Blackstone Group LP and the company’s management.

The offer of $7 per American depository share (ADS), worth about $600 million, has been reduced from $7.50 proposed in May.

Pactera said it was evaluating the offer.