IT firm Tech Mahindra today said it has received approval from the US anti-trust authority regarding its Rs 1,154 crore open offer for the purchase of an additional 20 per cent stake in Satyam Computer.     

In a filing to the stock exchanges, Tech Mahindra said "our request for early termination of the applicable waiting period relating to the offer has been granted under the Hart-Scott-Rodino Antitrust Improvements Act of 1976..."     

Click here for Cloud Computing

Also Read   Related Stories News Now - Satyam staff get new portal on learning services - Satyam's outgo on legal spats may not exceed $125 mn - Satyam back in top 100 m-cap club - Tech M begins open offer for Satyam - Satyam to close four leased facilities - Satyam allots 75,090 equity shares under stock options

Also Read   Related Stories News Now - Sensex crosses 18K in opening deals - UP polls: Voting for third phase begins - New York Life in talks to exit India JV - Asian markets consolidate as EU tests Greek commitment - Oil mixed at $100.76 in Asia More

The anti-trust approval in the US was needed as both the companies — Satyam and Tech Mahindra — have technology outsourcing work in the United States, and also because Satyam is listed on the NYSE.     

The open offer has already got anti-trust approval from Germany's competition regulator, the Federal Cartel Office, and India's tow premier bourses Bombay Stock Exchange and National Stock Exchange.

Tech Mahindra had announced an open offer on April 22 for buying an additional 20 per cent at a price of Rs 58 a share from the shareholders of the IT firm.     

The open offer was made after Tech Mahindra bought a 31 per cent stake in Satyam for Rs 1,756 crore through the issue of preferential shares after an auction process.     

The open offer, which started on June 12, will close on July 1.

New Ipad Application :Business Standard's all new IPad App Click here to download for free Other Stories      - Sensex crosses 18K in opening deals - UP polls: Voting for third phase begins - New York Life in talks to exit India JV - Asian markets consolidate as EU tests Greek commitment - Oil mixed at $100.76 in Asia

Tags : Satyam computer | Tech Mahindra | Ramalinga Raju | open offer | venturbay   Read Business news in  Advertisements -  Now property search gets more exciting than ever before! -  High Growth Business Opportunities in Africa - Register to explore -  Save over Rs.3000 with IndianOil Citibank Card -  We live for our family. have you secured them? -  Financial Learning now made easier and more convenient. -  India's No. 1 Property Site. Click here to know more.. -  Get 5% cashback on telephone bills with Citi -  Enjoy the journey as much as the destination. click to know more.. -  Exim Bank Conclave on India - Africa Project Partnership. Know more.. -  Be part of it The World's Largest Aircraft. -  Creating Wealth made simple the SIP way. Know more.. -  Only Developer to give a guarantee on time space & rate. -  Office 365 for professionals and small businesses. -  Buy Your Property with Our Triple Guarantee in India. -  Improve Patient Care & Experience. Click here to know more -  Win a Business Class Ticket to Europe..Know more.. -   Introduce a New Automotive Luxury Car.. know more -  Health is Wealth..... Insurance + Savings... Know More...