Satyam gets takeover offers!!!

Troubled software exporter Satyam today said it has been approached for takeover by domestic and foreign companies, the IT company's board member Tarun Das said today. The board will meet for two days starting January 22 in Hyderabad and would discuss issues such as search CEO and CFO, legal matters and immediate cash requirements to run the company, he told reporters here. The board would also discuss whether it needs to ask the government to stand as a guarantor for raising loans.Das said the company has been approached for buyouts by both international and Indian IT firms. There have been unconfirmed reports that the company might soon appoint investment bankers to advise on a merger or sale.