Financial Daily
from THE HINDU group of publications
Friday, July 20, 2001
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Financial Daily from THE HINDU group of publications Friday, July 20, 2001 |
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Maars/Mascon: Falling flat
THE move to scrap the merger between Mascon Global and Maars Software may not have any notable influence on the valuation of the two stocks. The stocks have fallen considerably from their peak levels and the present price levels are a pale shadow of the
valuation enjoyed some months ago. The merger has been scrapped due to the prevailing business and capital market conditions.
The two companies have indicated that they may work together for synergy in business activities. With valuation levels prevailing at low levels and market interest in such tech stocks rather lacklustre, the new development may at best lead to flat stock
prices of Maars Software and Mascon Global. -- BL Research Bureau
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