Satyam Sale Heads Toward Conclusion

The sale process for scam-tainted software company Satyam Computer Services is heading towards a conclusion with its government-appointed board meeting on Monday to examine the technical and financial bids of the interested parties. A person with direct knowledge of the situation told ET that the board has an informal floor price in mind and will not accept bids if they are very low. But this person added that the board was confident that such an eventuality will not occur and a buyer for Satyam would be finalised on Monday.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.