VOLUME 1, ISSUE 1 NOVEMBER 2008

A MERGERS AND ACQUISTIONS NEWSLETTER FROM CHRIST UNIVERSITY

Mergers and Acquisitions Newsletter

and its launch is on the the latest. It is a monthly
29th Nov, 2008. newsletter which would
be released every
Symbiont relates to the
month.
meaning where two
organisations come We as the part of this Special points of
together for mutual newsletter have learned a lot interest:
benefits, which is in the process of making
associated with Mergers this newsletter and hope to • International
& Acquisition. discover many more
concepts related to Mergers Mergers and
This is the first & Acquisition which helps Acquisitions
newsletter which our learning process. So we
entirely focuses only on as a team under the • Domestic Mergers
the facts of Mergers & guidance of Prof. Anirban
Acquisition. It unfolds Ghatak present
and Acquisitions
http:// various aspects of SYMBIONT ' A Merger
mna.wetpaint.co Mergers &Acquisition and Acquisition • Cross Border
m/ like International, Newsletter by Christ
Domestic, Cross Border, University' to all of you • Post Merger
Post Merger, Articles, and hope you have a great
SYMBIONT is an Terminologies, learning experience.
exclusive Mergers & Presentation and so on
Acquisitions newsletter which gives an overview
which is initiated and of all the related topics.
developed by the first As this is our first edition
year MBA students of we have focused on the
Christ University Mergers & Acquisition
Institute of Management that had happened
during October 2008 to

Mergers and Acquisitions Inside this issue:

Overview M & A Overview 1
The terms mergers and long term profitability. larger firm buys a
International M & A 2
acquisition are usually It’s the combination of smaller firm. However
said in the same breath two companies into a when the smaller firm
and are used one large company. It’s a c q u i r e s t h e Domestic M & A 4
interchangeably. usually voluntary and management control of
However there is a fine involves STOCK SWAP. the large company it’s Cross Border 5
difference between the called reverse takeover.
Acquisition also known
two. Merger is a tool Acquisition can be Post Merger 6
as takeover is the
used by companies for friendly or hostile.
buying of one company
expanding their Newsletter
by another. Usually a 7
operations, aiming at In an acquisition one
Symbiont Team 14
Page 2
Mergers and Acquisitions Overview (contd…)
company “swallows” the
other company. In a
merger both companies
surrender their stocks to
issue new company stock.
A purchase deal will be
called a merger when both
CEO’s agree to join
together for the best
interest of their companies.
But when the deal is
unfriendly it is an
acquisition. There are
several reasons an
acquisition takes place.
A. International Mergers & Acquisition
To be satisfied The Mergers & Acquisition
with a little, is the refers to those M&A that
greatest wisdom; takes place beyond the
and he that boundaries of a particular
country. International
increaseth his mergers and acquisitions
riches, increaseth are also termed as global
his cares; but a mergers and acquisitions
contented mind is or cross-border mergers
a hidden treasure, and acquisitions.
and trouble Globalization has
findeth it not. contributed towards the
Akhenaton development of
PepsiCo and Spitz
PepsiCo has acquired Spitz,
a leading Canadian brand
of sunflower and pumpkin
seeds across North
America. The acquisition
will support Frito-Lay's
plans to participate more
broadly in the nuts and
seeds category. Spitz
complements Frito-Lay's
growing portfolio of
healthier snack options.
Increased market power,
increased diversification,
avoiding excessive
completion, overcoming
entry barriers, economics
of scale, economics of
scope are some of them.
Several issues can be faced
during acquisition.
Difficulties in integration,
evaluation, over
diversification are some
that can be pin pointed.
By Betsy Thomas
International Mergers & benefits.
Acquisitions to a substantial
extent. International
Mergers and Acquisitions
are performed for
obtaining some strategic
benefits in the markets of a
particular country. With the
help of International
Mergers and Acquisitions,
multinational corporations
can enjoy a number of
advantages and gain
The acquisition allows for providing a healthier
the increase and tomorrow for the
strengthening of Frito lay’s Americans, PepsiCo and
market share. With the Spitz look towards
increasing numbers in increasing their market
people suffering from share as well as growth.
obesity in America, the
acquisition comes out as an By Supreetha S. & Mary
advantage for the American Ann Bothaju
people who will have
access to healthier snacks.
By taking steps towards
 VOLUME 1, ISSUE 1
Page 3

Delta Airlines & Northwest Airlines

Reported that merger merger. On October 29,
discussions between Delta 2008, the United States
Airlines and Northwest Department of Justice
Airlines started early approved Delta’s plan to
January 2008. On April 15, acquire Northwest Airlines.
2008, Delta Airlines and The transaction combining
Northwest Airlines the two airlines was 17.7
approved the merger. On billion US Dollars.
August 7, 2008, the
D e l t a a n d By Daniel Aloysius
Northwest merger was
approved by the European
Union. On September 26,
2008, Delta Airlines and
Northwest Airlines
shareholders approved the

FDIC acquires Florida Freedom Bank

The Depositors of Freedom
bank Florida (U.S) were
protected by acquisition of
Fifth Third National bank
Ohio (U.S). The Insurance
of deposits continues with
the FDIC (Federal Deposits
Insurance Corporation).
The total deal was worth
around $5.6mn, of which
the fifth third bank gets
$3.5mn from U.S bailout
rescue plan (out of $700bn)
in acquiring freedom bank. to the Existing depositors Try not to
The Acquisition was done and minimize the risk
due to the failure of involved due to credit become a man
Freedom bank from the crisis. of success, but
ongoing credit crisis. The
By Vivek & Sukumar rather try to
transaction will give Fifth
Third bank approximately become a man
$675 million in deposits in of value.
the Bradenton-Sarasota-
Venice area, and raise its
deposit market share in that
Albert Einstein
market from 8th to 4th.This
Acquisition will give a relief

Tata & M&M: Who will bell the cat!!

Hummer the utility vehicle
of General Motors was able
to make an impression in
the initial stages of sale
later it declined. The
change was due to the
increase in the fuel price
which created a rapid and
permanent change in
consumer’s preferences.
This made GM to take a
major decision, i.e., to drop
its Hummer unit. It sent out
its prospectus to different
companies including Tata
and Mahindra & Mahindra.
Both companies have
interest in doing business
abroad which is evident
from its recent businesses.
But both have denied the
fact. According to media,
none have had a serious
talk about this. According
to analysts, the Hummer
could be a good option for
both the Tata’s and
Mahindra’s, provided the
price is attractive. Since
both companies have a
strong SUV presence and
global ambitions, this could
be a nice fit if the negative
brand associations are
taken care of.
By Asha K Alex & Alma
Page 4

Porsche & Volkswagen

In the month of October, state of Lower Saxony,
the only road block that which owns 20.1 percent of
stood between the Volkswagen’s shares, and
Porsche’s long sought goals views itself as a protector of
in taking over Volkswagen the workers’ rights.
was the 47-year-old
German law. The so-called By Vishal and Able
Volkswagen Law is a statute Cherian
devised by the German
government to protect the
auto giant from an
unwanted takeover. The
German government
adopted the law in 1960 to
protect the position of the

B. Domestic Mergers & Acquisition

The ladder of The Mergers and to expand product
Acquisitions that take place portfolios, entering new
success is best within the boundaries of a markets & acquiring new
climbed by particular country. technologies which not only
stepping on Organisations come benefits the organisations
together within the but also to the country they
the rungs of boundaries of a particular belong to.
opportunity. country to face the
Ayn Rand increasingly complex,
dynamic unpredictable
operating environments
and to have a strategic
alliance which helps in the

Trans-India Acquisition Corporation to Merge

with Solar Semiconductor
Trans-India Acquisition process of acquisition is
Corporation has entered expected to be completed
into a definitive agreement by February 2009. Post-
to acquire at least 80% of merger, the new entity will
privately held Solar be called as Solar
Semiconductor Ltd. The S e m i c o n d u c t o r
proposed acquisition is Corporation.
valued at $375 million and
will be formalised once the
US Securities and Exchange By Vishwas B P &
Commission (SEC) formally Ashritha Diwan
approves the merger. The

Unitech to sell 60% stake in telecom arm to Telenor
Unitech a Delhi based
realty firm offloaded a 60%
stake in its telecoventure
for Rs 6,120 crore to
Norwegian telecom firm
Telenor. Unitech’s eight
subsidiaries, which hold
licences to operate in all
the 22 circles in the
country, will issue fresh
equity to Telenor. The Rs
1,200-crore debt that
Unitech had taken to buy
the licences will now be
transferred to the telecom
venture.
Educomp Solt acquires majority stake in Takshila
Educomp Solutions is a
globally diversified
technology based
education solutions
provider and the largest
education company in
India. Educomp acquired a
51% stake in Takshila
Management Services Pvt
Ltd (TMSP) on 2o October
2008 for Rs. 5 crore
approximately. Takshila
Management Service is a
C. Cross Border—
Ranbaxy becomes Daiichi Subsidiary
Ranbaxy was acquired by a
Japanese company - Daichi
Sankyo. The acquisition of
Ranbaxy by Daichi
represents a major entry
for the Japanese firm into
the high growth business
areas of generic drug. The
acquisition shows that
global pharmaceutical
companies are making
efforts to cope up with
VOLUME 1, ISSUE 1
Page 5
Both Unitech and Telenor out to Telenor, it has been
may have to shell out able to reduce its debt by
additional funds to the Rs 1,200 crore and save the
government if the interest outgo on this
Department of Telecom amount.
implements the new M&A
guidelines that it is By Archana Kushwah &
finalizing in consultation Radhika . K
with the finance ministry.
Unitech has been facing
immense pressure at home
as sales, bank credit
And private equity has
dried up leaving real estate
players in an extremely
difficult situation. By selling
company specializing in Learning System as an Do not dwell in
setting up high quality integral part of the
schools in Tier II & Tier III academic system. the past, do
cities across India. The not dream of
acquisition is beneficial for
By Andrea Simento &
the future,
Educomp’s target of setting
up schools across India. Megha Garg concentrate
The schools to be named the mind on
"Takshila Schools" will have the present
several distinguishing
features and an affordable moment.
price point and shall use Buddha
Educomp's Millennium
strong generic drug By Kumar Sambhav
makers. By selling off their
stake in Ranbaxy the Singh
family can move 100
notches up the Forbes
billionaires list. The deal
money Rs.9576.29 crores
offered by the Japanese
firm will increase the net
worth of Singh brothers
from $ 2.42 billion to $ 2.96
billion.
Page 6
D. Post Merger—
Sushi & Chardonnay
The number of joint
ventures, alliances,
partnerships that have
taken place among
automotive manufacturers
over the last 20 years is
mind boggling. But it's also
interesting to note that in
many cases, these so-called
marriages have not panned
out the way anyone
thought, or the way the
intended parties hoped
they would. When Renault
announced the plan of
Sushi & Chardonnay (contd…)
The way to Nissan is financially
strapped and Renault is
gain a good strategically challenged.
reputation, is But the crash never
to endeavor occurred. Today, the
Renault-Nissan alliance is
to be what you thriving with best signs of
desire to this partnership's success is
appear. i n M e x i c o .
Socrates
By Derrick Sebastian
Featured Article
Impact of Mergers & Acquisition on the Organisational Culture
Organisation culture
unfolds the beliefs, values,
attitudes practiced by an
organisation which could
be either due to the
assumptions of the
founders, leaders,
employees or their
experiences within the
firm. This manifests that the
organisation culture of
every organisation is
alliance with Nissan, many believed cultural
industry observers seemed differences alone between
to consider it has an the French (Renault) and
international car wreck the Japanese (Nissan)
waiting to happen. The would bring this merger to
merger of the two an ugly end. Unlike the
companies also received DaimlerChrysler deal, it is
poor reaction from the an alliance of two weaker
world's financial companies.
community, which points to
high risks involved for
Renault in taking on a
company saddled with high
levels of debt.
Conventi onal w isd om
different from the other. the firms adopt to maintain
However the modern and strengthen their
organisations are facing competitive advantage in
increasingly complex, the global market.
dynamic & unpredictable
working environment
which creates critical
challenges and new
opportunities for growth
and development. Mergers
and Acquisitions are one of
the important features that
 VOLUME 1, ISSUE 1
Page 7

Impact of Mergers & Acquisition on the Organisational Culture

(contd…)
M&A (Mergers and culture. Uncertainty, about revealed that 83% of all
Acquisition) experiences the degree of influence one M&As failed to produce any
the issues in the cultural experiences with the new benefit to the shareholders,
integration of two entirely situation to a large extent rather it destroyed their
different organisations influences the employees value. The main reason for
where each organisation working in organisations as the failure is differences in
has its own unique they are unsure of the t h e c u l t u r e .
historical background, consequences after M&A.
structure and the processes This in turn leads to By Pavithra K
involved. These cultural insecurity in them as them
clashes affect the may fear of losing their
performance and the jobs, promotions, and
success or failure outcomes transfers and hence
depend on the manner in reluctant to accept the
which the organisations change that has occurred
practice the organisation due to M&A. Studies

E. Newsletter
GE healthcare acquires
Agility Healthcare
Solutions
1st October, 2008
General Electronics
Company has acquired the
privately held Agility
Healthcare Solutions of
Glen Allen, Virginia.
Financial terms were not
disclosed. Agility will
become a part of GE
Healthcare. This acquisition Delta Lloyd acquires 5.4% Knowing
is reported to enable GE of Galapagos
Healthcare to expand upon yourself is the
1st October, 2008 beginning of
its offerings to help
customers grow through Belgium-based Galapagos, all wisdom.
patient-focused service a drug discovery company,
delivery and asset has received a
Aristotle
optimization solutions. transparency notification
from Delta Lloyd,
disclosing that it holds a
5.4% interest in the share
capital of Galapagos.

D e l t a L l o y d Perrigo acquires approximately $25 million

Levensverzekeringen has
disclosed that it holds 1.14
million shares in the share
capital of Galapagos, as of
September 1, 2008. This is
the first notification
Galapagos has received
from Delta Lloyd
Levensverzekeringen.
Laboratorios Diba in cash. The acquisition is
expected to add nearly $15
7th October, 2008
million of annual sales.
Perrigo Company, a
healthcare supplier, has
acquired Mexico-based
Laboratorios Diba, a store
brand manufacturer of over
-the-counter and
p r e s c r i p t i o n
pharmaceuticals, for
Page 8

Shionogi acquires Sciele tender offer followed by Dr Willmar Schwabe

Pharma short-form merger of the Pharmaceuticals to
indirect wholly owned acquire Enzymatic
10th October, 2008
subsidiary of Shionogi with Therapy
and into Sciele. Sciele is
13th October, 2008
Japanese pharmaceutical now an indirect wholly
manufacturer Shionogi & owned subsidiary of
Nature's Way Holding
Co has completed the Shionogi.
Company, a subsidiary of
acquisition of Sciele
German-based Dr Willmar
Pharma, a developer and
Schwabe Pharmaceuticals,
marketer of branded
a producer of
prescription products, for
phytomedicines, has
$31 per share in cash.
reached an agreement to
Shionogi has completed the
acquire all outstanding
acquisition through a cash
shares of Enzymatic

If you can Therapy with North Castle Zimmer Holdings the transaction.
Partners, the controlling completes acquisition of
imagine it, you shareholder of Enzymatic Abbott Spine
can achieve it; Therapy. The agreement is
if you can subject to other
17th October, 2008
shareholders delivering
dream it, you their signatures and
can become it. Zimmer Holdings, a
provides for customary
provider of orthopaedic
William conditions to closing. The
surgical products, has
transaction was completed
Arthur Ward by Lincoln International, a
acquired Abbott Spine, a
developer of spinal implant
mid-market investment
technology. Zimmer has
bank
paid $360 million in cash in

Ethicon Endo-Surgery the Hart-S cott-Rod ino

acquires SurgRx Antitrust Improvement Act
and similar regulations in
17th October, 2008
other countries. This
acquisition brings together
Ethicon Endo-Surgery, a
two complementary energy
Johnson & Johnson
technologies in the
company, has acquired
evolving global energy
SurgRx, a developer of the
segment. The combined
advanced bipolar tissue
portfolio of Enseal products
sealing system used in the
and the Ethicon Endo-
Enseal family of devices,
Surgery.
following clearance under
 VOLUME 1, ISSUE 1
Page 9

Valeant Pharmaceuticals Valeant purchased all of the Daiichi Sankyo acquires

acquires Coria outstanding shares of Coria 52.5% stake in Ranbaxy
Laboratories from parent company, DFB
20th October, 2008
Pharmaceuticals, and other
17th October, 2008
shareholders for $95
Daiichi Sankyo Company
million.
Valeant Pharmaceuticals and Ranbaxy Laboratories
International, a have announced that the
multinational specialty committee of the board of
pharmaceutical company, directors of Ranbaxy has
has acquired Coria approved the allotment of
Laboratories, a privately- equity shares and warrants
h e l d s p e c i a l t y on a preferential basis to
pharmaceutical company Daiichi Sankyo. With this
focused on dermatology Daiichi Sankyo has
products in the US. Under acquired 52.5% of the
the terms of the agreement, equity share capital of

Ranbaxy comprising 220.7
million shares.
Ipsen completes Ipsen paid $9 per Inspiration and
acquisition of Tercica outstanding share in cash
and the built-in gain in genius--one
20th October, 2008 and the same.
unexercised stock options
France-based specialty
to acquire the remaining Victor Hugo
shares of Tercica.
pharmaceutical company
Ipsen has completed
acquisition of Tercica, a
biopharmaceutical
company developing and
marketing a portfolio of
endocrine products. Under
the terms of the transaction,
Page 10
Al Ahli Capital acquires
The Capital partnership
20th October, 2008
Al Ahli Capital, the
investment arm of the
National Commercial Bank
of Saudi Arabia (Al Ahli),
has announced its
acquisition of The Capital
Partnership, an asset
management company. The
acquisition will empower
the wealth management
services Al Ahli provides,
No great man The acquisition will be
financed from the group's
ever financial resources.
complains of Novartis will acquire
want of research, development and
manufacturing assets of
opportunities. Nektar's pulmonary
business unit, including
Ralph Waldo tangible assets as well as
intellectual property and
Emerson related expertise. As a
result of this transaction,
future milestones and
North Carolina. This move
is said to be part of
Nanosyn's strategy to
become a worldwide
leader in drug discovery
services and reflects the
company's evolution from a
small regional operation to
a larger business on a
global scale.
mainly outside Saudi
Arabia, in addition to help
establishing property and
family business
management units.
royalty payments from
Novartis to Nektar for the
tobramycin inhaled powder
development project would
be avoided. This
transaction requires
customary regulatory
approvals and is expected
to be completed by the end
of 2008.
GlaxoSmithKline to
acquire Laclede's dry
mouth brand, Biotene
22nd October, 2008
Consumer Healthcare has
reached an agreement with
Laclede, a privately held
company, to purchase the
dry mouth brand Biotene
for $170 million. The
transaction is subject to
Novartis to acquire
Nektar's pulmonary
business unit
21st October, 2008
Novartis to acquire Nektar's
pulmonary business unit
has signed a definitive
agreement to acquire the
pulmonary drug delivery
business unit of
biopharmaceutical
company Nektar
Therapeutics for $115
million in cash.
Nanosyn acquires
Amphora's assets, opens
first branch on east coast.
21st October, 2008
Nanosyn, a contract
research organization, has
acquired assets left from
the ceased operations of
Amphora Discovery and
opened its first branch on
the east coast in Research
Triangle Park,
regulatory review by
competition authorities in
the US and Europe, and is
expected to complete by
early 2009.

Johnson & Johnson
acquires HealthMedia
30th October, 2008
Religare Enterprises Ltd
has agreed to acquire Lotus
India Asset Management
Company (Lotus India
AMC) from the majority
shareholders, Alexandra
Fund Management (an
affiliate of Fullerton Fund
Management Company
Ltd.) and Sabre Capital. The
acquisition is subject to
regulatory approvals.
is subject to regulatory
approvals. Fullerton Fund
Management is part of
Singapore's private equity
major Temasek. Lotus India
AMC manages in excess of
Rs50bn in domestic mutual
funds. Religare will
immediately strengthen
this position further by
infusing additional funds
into the schemes of Lotus
India AMC.
ADAG eyes 33% stake in
Gopinath`s cargo airline:
Report
5th November, 2008
Anil Dhirubhai Ambani
Group's (ADAG) private
equity arm, Reliance Equity
Advisors, is holding talks to
invest over US$50mn
(Rs2.5bn) in Gopinath's new
venture Deccan Cargo
Fullerton Fund
Management is part of
Singapore's private equity
major Temasek. Lotus India
AMC manages in excess of
Rs50bn in domestic mutual
funds. Religare will
immediately strengthen this
position further by infusing
additional funds into the
schemes of Lotus India
AMC.
Polaris Software
completes acquisition of
SEEC Inc
04th November, 2008
Polaris Software Lab Ltd has
announced that all the
closing formalities read
with the definitive
agreement have been
completed on October 30,
2008. With this, Polaris'
acquisition of SEEC Inc.
which is expected to take
off in January next year.
According to the sources,
others in the race include
US venture capital major
New Enterprise Associates
(NEA) and Intel Capital.
Investment banks with fund
raising mandate from
Gopinath has approached 3
-4 suitors, including ADAG
and will probably narrow
VOLUME 1, ISSUE 1
Page 11
Religare to acquire Lotus
India AMC
04th November, 2008
Religare Enterprises Ltd
has agreed to acquire Lotus
India Asset Management
Company (Lotus India
AMC) from the majority
shareholders, Alexandra
Fund Management (an
affiliate of Fullerton Fund
Management Company
Ltd.) and Sabre Capital.
The acquisition
stands completed. The Work spares
consideration price for the
acquisition was paid by us from three
cash of US$8.0mn. evils:
boredom,
vice, and
need.
Voltaire
down to a potential suitor
within two weeks, the
financial newspaper says.
Page 12
Citigroup Looks to Buy
Bank After Wachovia
Misstep
10 November, 2008
Citigroup is looking to buy
a bank to bolster its deposit
base in the face of
continuing economic
turmoil, as reported by the
Wall Street Journal. The
latest target is a regional
bank considerably smaller
than Wachovia. Citi
Constant is now putting together a
counteroffer. If the deal
dripping goes through it would
hollows out a represent the largest-ever
stone. overseas acquisition by a
Chinese bank.
Lucretius
Bank of America Doubles
Stake in Chinese Bank
18 November, 2008
Bank of America will inject
$7 billion into China
Construction Bank Corp,
Bloomberg reports, nearly
doubling its stake in the
bank even as it slashes jobs
and accepts government
recently drew $25 billion
from the Treasury
Department’s $700 billion
bailout fund
IDBI in talks to buy 25%
stake in GE arm
12th November, 2008
Industrial Development
Bank of India (IDBI) is
reportedly in talks with GE
Commercial Finance (GE),
the financial arm of GE, to
pick up around 25% stake
in GE's construction
equipment finance business
bailout money. CCB is
down 45% over the past six
months, and BoA CEO Ken
Lewis is getting a 32%
premium on that devalued
market price. The
acquisition comes on the
heels of the purchase of
Merrill Lynch, which will
result in thousands of job
cuts.
Bank of China in Talks to
Buy UK's No. 1 Bank
11 November, 2008
The state-owned Bank of
China emerged last night
as the main player in a new
takeover bid for Halifax
Bank of Scotland. HBOS, the
largest bank in Britain, is
currently being taken over
by Lloyds, but a former
HBOS executive
in India. Infrastructure
Development Finance
Company (IDFC) will also
hold around 35% stake in it.
The report stated that GE is
all set to hive off its
construction equipment
finance business into a
separate Rs6.5-8bn joint
venture company and is in
talks with IDFC and IDBI for
the same.
Yang's Departure Gives
Microsoft New Opening
18 November, 2008
Jerry Yang’s departure will
lead to renewed talks with
Microsoft. “This is probably
the beginning of the end for
Yahoo,” said one.

“Microsoft will probably
come back with an offer.”
Microsoft has repeatedly
denied interest in reviving
a deal, but Yang’s
departure “clears the
path,” says an analyst.
“Yahoo can free up its
strategic alternatives.”
Price Dispute Sinks
TwitFace Merger Talks
25 November, 2008
Merger talks between
Facebook and popular
newcomer Twitter have
ended without a deal, a
report says. Twitter wasn't
satisfied with Facebook's
offer of $500 million in
stock, apparently
VOLUME 1, ISSUE 1
Page 13
Frantic Citigroup
Considers Sell-Off
21 November, 2008
Citigroup is keeping all its
options on the table as its
share price plunges—
including selling itself. The
battered giant's share price
plummeted another 26% on
the 20th Nov, 2008—its
worst one-day hit ever—
chalking up an 83% dive
for the year.
concerned that the stock's There is
valuation was too high, say
in. nothing to fear
but fear itself.
Franklin D.
Roosevelt
A MERGERS AND ACQUISTIONS NEWSLETTER FROM CHRIST UNIVERSITY

WE ARE ON WEB!
http://
mna.wetpaint.com/

Symbiont Team
Inspiration: Prof. Kushwah, Abel, Jhansi Mary J,
Anirban Ghatak Sambhav, Mary Ann Bothaju,
Megha Garg, Mohinder Singh
Hanspal, P.R. Jitendar,
E d i t i n g / Radhika.K, Sonia, Sukumar C,
Compiling: Betsy Supreetha.S, Vishal T, George,
Thomas & Pavithra K Vishwas B P , Vivek U Shah.

Designing Team:
Daniel Aloysius,
Derrick Sebastian,
Dilip Suresh Kumar
S

Contributors: Alma
Alexander, Andrea
Simento , Asha k
Alex, Ashritha
Diwan, Archana