4 result(s) displayed (1 - 4 of 4):

BofA hiring Satyam staffers by hundreds? (from Corporate Dealmaker)

About 13,000 workers have abandoned fraud-hit IT outsourcer Satyam Computer Services Ltd. (NYSE:SAY) to join clients and other rivals, according to one report. And it looks like 250 to 300 of them are getting signing bonuses and salary increases as they join Bank of America Corp. (NYSE:BAC).The Business Standard...

Posted on April 2, 2009 11:44 AM

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

Fraud-hit Satyam approved for 51% sale, shares rise (from Corporate Dealmaker)

The Securities and Exchange Board of India, which recently eased takeover regulations, approved a majority sale of Satyam Computer Services Ltd. (NYSE:SAY), the subject of India's greatest corporate scandal. Buying into the IT outsourcer is tricky.On one hand you have an otherwise attractive company that had its $7 billion valuation...

Posted on March 6, 2009 9:04 AM

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