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Monday, November 23, 2020

Equity Corporate Actions Alert #2020 - 222
(Merger effective) Information Regarding the Merger of Virtusa Corporation (VRTU)

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  • Industry Announcement

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At a special meeting held on November 20, 2020, the shareholders of Virtusa Corporation (VRTU) approved the merger with Baring Private Equity Asia. The merger closed prior to the market open on February 11, 2021. In anticipation of the closing, the stock was halted immediately following the after-hours session at 8 p.m. on February 10, 2021. The stock will remain halted on the day of closing (February 11th) and will be suspended effective February 12, 2021. The details are as follows::

Company: Virtusa Corporation Common Stock
CUSIP#: 92827P102
Symbol: VRTU
Last Trading Date: February 10, 2021
Marketplace Effective Date for Suspension: February 12, 2021
Merger Consideration: $51.35 for each share held.

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