Upbeat !!!!
This is incredible. More than hundred offers for Satyam and counting.
As of Friday 13 Mar there are over a hundred offers for the Mega Fraud Behemoth. Well to be precise its not an offer much less a binding offer but just LoI - Letter of Intent. This is nothing more than a passing interest and 90 % of them will not be in the final race
The LoI gives the prospective suitors a right to inspect the books of Satyam and make an offer. And then there is screening, due diligence , financial bid, political power plays etc. Also the number is just media speculation. The new board has neither confirmed nor denied the number. Still seems plausible given the low valuation and all the statutory exemptions given.
The biggest beneficiaries for the overwhelming response are the employees and then the equity shareholders of Satyam. Closing date for offers will be 20 Mar Friday. Judging by the initial response the number will exceed 300 offers.
As of Friday 13 Mar there are over a hundred offers for the Mega Fraud Behemoth. Well to be precise its not an offer much less a binding offer but just LoI - Letter of Intent. This is nothing more than a passing interest and 90 % of them will not be in the final race
The LoI gives the prospective suitors a right to inspect the books of Satyam and make an offer. And then there is screening, due diligence , financial bid, political power plays etc. Also the number is just media speculation. The new board has neither confirmed nor denied the number. Still seems plausible given the low valuation and all the statutory exemptions given.
The biggest beneficiaries for the overwhelming response are the employees and then the equity shareholders of Satyam. Closing date for offers will be 20 Mar Friday. Judging by the initial response the number will exceed 300 offers.
posted by YesYes at
10:04 AM
0 Comments:
Post a Comment
<< Home