Ness Technologies (NSTC) Completes Acquisition by CVCI; Stock Delisting From Exchanges

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Ness Technologies, Inc. (NASDAQ: NSTC) announced the completion of its acquisition by an affiliate of Citi Venture Capital International (CVCI), a global private equity investment fund, in a transaction valued at approximately $307 million. Under the terms of the merger agreement, Ness stockholders will receive $7.75 in cash for each share of common stock they hold.

As previously announced, the transaction was approved by Ness stockholders at a special meeting of stockholders held on August 30, 2011. As a result of the transaction, Ness common stock will cease trading on, and will be delisted from, the Nasdaq Global Select Market and the Tel Aviv Stock Exchange.

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