NEW YORK (Thomson Financial) - PeopleSupport Inc. Thursday said its board
has rejected an unsolicited proposal from IPVG Corp. and AO Capital Partners to
buy PeopleSupport for $17 a share, saying the buyers were "either unwilling or
unable" to provide any evidence of their ability to fund the transaction at the
proposed price.
The company said it was prepared to give "serious consideration" to the
offer.
PeopleSupport is a Los Angeles-based offshore business process outsourcing
company. Its stock closed Wednesday at $14.03.
Ryan Vlastelica
rv/vj
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