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Tuesday, January 6, 2009

Tech Mahindra, Satyam Computer, Sun Pharmaceuticals may see action

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Tech Mahindra has reportedly approached Satyam Computer Services for an all-share merger. It is looking to merge itself with Satyam but gaining control of the combined entity.

Sun Pharmaceuticals raised its offer by as much as 23% to buy the residual stake of Taro Pharmaceutical Industries in a bid to gain a controlling stake in the Israeli drug maker. Sun Pharma, which owns 36 per cent of Taro, today disclosed two options to buy the remaining stake in the New York Stock Exchange listed drug maker.

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