ISoftStone Board Receives Revised Offer - Quick Facts

(RTTNews) - iSoftStone Holdings Limited (ISS), a China-based IT services provider, announced that the independent committee of its board has received a revised offer from a consortium consisting of Tianwen Liu, the chief executive officer and the chairman of the board of the company, ChinaAMC Capital Management Limited, an alternative investment platform and an affiliate of China Asset Management (Hong Kong) Limited, and Accurate Global Limited, Advance Orient Limited and CSOF Technology Investments Limited, to acquire all of the company's outstanding ordinary shares not currently owned by the Consortium for $0.545 per ordinary share or $5.45 per American depositary share in cash.

The offer adjusted down the proposed price of $0.585 per ordinary share or $5.85 per ADS in the non-binding proposal received by the board from Liu and ChinaAMC on June 6, 2013.

The Independent Committee of the Board is in the process of evaluating the offer and any alternative proposals it may receive.