Infosys not to increase Axon offer price

Reuters
Posted: 2008-10-10 10:17:07+05:30 IST
Updated: Oct 10, 2008 at 1017 hrs IST

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Bangalore, October 10:: Infosys Technologies, India's second-largest software services exporter, on Friday said it would not increase its takeover offer bid for British Consultancy Axon.

In late September smaller rival HCL Technologies offered 650 pence per share on Axon, trumping Infosys' 600 pence a share offer in August.

Infosys, which has ABN AMRO, Goldman Sachs and Philips Electronics among its clients expects revenue of $1.175 billion in the December quarter, the news channels reported.

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