takeover
CapGemini buys out Kanbay for $1.25 billion
Kanbay, one of the few pure play companies in the IT services space created by a group of Indian and US entrepreneurs, has finally bitten the bullet. It has decided to become a part of global services company Capgemini. Driven by a favourable response from some of the key stakeholders of Kanbay, Capgemini on Thursday made an offer to buy out all shareholders of the Nasdaq-listed, $400-m company for $1.25bn.
techideas
29 Oct 2006 02:02:37 AM
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