Satyam not to go ahead with Maytas acquisition
HYDERABAD, India, Dec 17, 2008—Satyam Computer Services announced that it is not going ahead with its proposed acquisition of Maytas Properties and Maytas Infra, in light of thefeedback received from the Investor community.
Commenting on this decision, Satyam Chairman, Mr.Raju said, W e have been surprised by the market reaction to this decision even though we were quite positive about the merits of the acquisition. However, in deference to the views expressed by many investors, we have decided to call off these acquisitions.
Wednesday, December 17, 2008
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