Seeking to spoil fellow Indian software firm Infosys’ party, HCL Technologies has launched a rival – and higher – bid for UK SAP consultant Axon Group.
HCL Technologies has bid 441 million pounds ($814 million) in cash for the deal.
HCL’s bid comes in at 650 pence a share or 8.3% higher than Infosys’ bid of 600 pence a share.
Infosys said it’s considering its position and asked Axon shareholders not to take any action at this time.
The 2,000-man Axon Group provides SAP consultancy services to MNCs and has offices in the UK,Â North America, Malaysia and Australia.
You must be logged in to post a comment Login