Value Lens: Has L&T's hostile bid for Mindtree come in at a premium or a discount?

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Mergers and acquisitions are not uncommon in India's $167-billion information technology industry. Usually, either the buyer or the target is a foreign company. And almost always, such deals are negotiated among the buyers and sellers in advance. It's not surprising, then, that Larsen & Toubro Ltd's hostile takeover of Mindtree ......