Monday, July 2, 2007

UPDATE 1-India's Patni says buys Europe's Logan-Orviss

(Reuters) - The deal included an upfront cash payment upon completion,
along with performance-linked incentive payments on achieving
financial targets spread over three years, Patni said in a
statement but gave no details.




Patni said the acquisition of Logan-Orviss, which reported
revenues of 11.8 million euros in 2006, would
strengthen Patni's presence in media and communications
business.


Read more at Reuters.com Mergers News

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