August 28th, 2008

HCL acquires Axon

Posted by on Aug 28, 2008 in Business, HCM, SAP | 1 comment

If you are in the SAP world then this is big news. Infosys announced on August 25, 2008 that it plans to acquire Axon for US$753MM in cash. A couple of years ago Axon acquired US based PremierHR. A significant inducement fee should prevent Axon from taking a competitive bid. Here is a good analysis of the move by Infosys.Update: HCL ended up acquiring Axon instead of Infosys.Sep 29, 2008: HCL Technologies is offering 650 pence per share or 50 pence per share more than the Infosys bid. Infosys may counter-bid soon and the bidding could go as high as 700-750 pence per share or almost a $1bn.Interesting move…what do you think about it?

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