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Satyam Computer Services has called off the Matytas Infrastructure acquisition deal following negative reactions by investors. Satyam Computer's American depository receipt (ADR) fell 54% to $5.7 overnight. After market hours yesterday, (16 December 2008), Satyam had announced it will acquire 51% in Maytas Infra and 100% in Maytas Properties. The company had said the acquisition of Maytas' two companies would cost it $1.6 billion.
The board of Jaiprakash Associates will meet on 22 December 2008 to consider amalgamation of companies having synergy with itself.
The board of Colgate board has approved merging the wholly owned subsidiary SS Oral Hygiene Products with itself.
Indian Stock Market
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