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ap

WNS decides not to pursue talks with bidders

WNS Holdings will not pursue talks with bidders interested in controlling stake

  • On 4:35 pm EDT, Thursday September 17, 2009

NEW YORK (AP) -- India-based outsourcing firm WNS Holdings Ltd. said Thursday its board of directors has agreed not to pursue further talks with several parties that had expressed interest in purchasing a controlling stake in the business.

Separately, the board said WNS management will be focused on the company's financial performance, which remains in line with guidance reiterated on its last earnings call.

On Aug. 5, WNS reported better-than-expected profit and sales for the fiscal first quarter, and backed its forecast for full-year adjusted sales of $385 million and $390 million.

Shares of WNS fell 18 cents to close Thursday at $15.03.

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