Sunday, March 15, 2009

Satyam's suitors

Lot of companies, private equity players have given expression of interest for Satyam. L & T, Tech Mahindra and couple of more players could fight until end. Rest of names could turn out to be passive players.

Some how, i feel the list lacks punch and I do not see major fight happening for take over. or the fight would be restricted to 2-4 players maximum. Hence, this would not result in better price escalation. This could affect the prospects of 20% open offer for investors who were hoping exit for better price.

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