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Thursday, February 24, 2011

Market Chatter -- Corporate finance press digest

The following corporate finance-related stories were reported by media on Thursday: * Infosys Technologies Ltd. is looking to spend up to $200 million to acquire companies in the U.S. in its bid to secure large government contracts, its chief financial officer said, the Wall Street Journal said in its online edition. * Shanghai Pharmaceutical (601607.SS) is close to acquiring a large stake in drug distributor Celesio (CLSGn.DE) from major shareholder Haniel, German paper Handelsblatt reported, citing financial sources. [ID:nLDE71N04V]

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