rambhai.com - Wipro to buy Infocrossing

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Business: Wipro to buy Infocrossing

Click Here for Original Story: http://www.reuters.com
posted by garfield79 1752 days ago

There are deals in the air again, one of india's leading software exporters has announced its decision to takeover Infocrossing, a mid sized outsourcing company. Infocrossing is in the business of infrastructure management, server management, mainframe outsourcing,network management and security services. It has announced that it will pay $ 18.70 per share. The acquisition is the latest in a wave of foreign M&A deals by Indian companies, aiming to penetrate new markets and access the latest technology by buying foreign firms.
4 comments | tags: wipro infocrossing deals all | category: Business | Add this link to... | tell a friend | bakwaas

comments

| written by Tarun 1752 days ago Rating: 0 | Rate comment: + -

Infocrossing will add to profits from day one and help in an expansion of margins...
| written by neha 1752 days ago Rating: 0 | Rate comment: + -

WIPRO's future is very bright in view of its excellent vision & performance to consistent growth in various sectors. Acquisition of Unza in the FMCG area in particular is likely to contribute to WIPRO's turnover significantly. In the next quarterly performance report of WIPRO we like to see positive effect of the 'inorganic development'.
| written by garfield79 1752 days ago Rating: 0 | Rate comment: + -

Should I buy Wipro stock in light of that information? What do you think is good price to pay for Wipro.
| written by khetibadi 1752 days ago Rating: 0 | Rate comment: + -

think price would be up now due to the hype.