- Apple now worth more than Google, Microsoft combined
- LinkedIn set to introduce mobile advertising
- Cost of credit must be brought down: Anand Sharma
- Lachlan Murdoch appointed new chairman of Ten Network Holdings
- Standing Committee yet to decide Direct Tax Code
- Google's first employee to join Kahn Academy
Infosys rules out hike in offer price for Axon
Bangalore, Oct 10 (IANS) Infosys Technologies Friday ruled out increasing its original offer price of 600 pence per share to buy the Britain-based Axon Group plc.
'After careful consideration, the board of Infosys has concluded that it will not increase the price of its original offer dated 25 August 2008,' the IT bellwether said in a statement here.
Following a counter-bid by the New Delhi-based HCL Technologies at 650 pence per share Sep 26 to acquire the SAP specialist, Axon announced the withdrawal of its recommendation of Infosys' offer and its intent to unanimously recommend the higher offer when made.
'Infosys has fast-growing and profitable SAP-led business transformation practice. The company is confident that its decision will have no material impact on its strategic plans,' the statement added.
Infosys Q1 net rises 21%, raises FY09 forecast.
Infosys Technologies launches breakthrough services for retailers and consumer packaged goods compa.
Infosys announces its plans to acquire Axon Group plc; offer of 407.1 million pound.
West Bengal government assures full support to Infosys.
Axon pitches for HCL offer, Infosys mulls options .
|
|
|
|
|
|
Comments: