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Spice Group drops out of race for fraudulent Satyam (from Corporate Dealmaker)

One potential suitor for fraud-hit IT outsourcer Satyam Computer Services Ltd. (NYSE:SAY) has left the playing field. India's Spice Group Inc. claimed there was a lack of transparency in the bidding process; it wanted to know who else was bidding for Satyam. Spice will reconsider the decision, however, if its...

Posted on March 27, 2009 3:12 PM

Satyam acquisition news gets Spice-y (from Corporate Dealmaker)

India's Spice Group Inc. is offering about 20 billion rupees ($408 million) for a controlling stake in IT outsourcer Satyam Computer Services Ltd., which lost four directors earlier in this month after its founder admitted that Satyam's balance sheet was inflated by more than $1 billion, devaluing -- by about...

Posted on January 30, 2009 4:17 PM