Monday, April 03, 2006

EDS makes open offer for MphasiS

sri
In a smart move aimed at acquiring controlling stake in the Bangalore-based IT services and BPO firm MphasiS BFL Ltd, the Plano, Texas-based EDS has announced a conditional open offer on Monday.

As part of this offer, EDS proposes to acquire approximately 52 per cent stake in MphasiS at an offer price of Rs 204.5 per share in cash.

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