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Axon drops Infosys bid in favour of HCL

LONDON, Oct 2 (Reuters) - British software company Axon Group Plc AXO.L said on Thursday it was withdrawing its recommendation of a takeover bid from India's Infosys Technologies INFY.BO in favour of a higher offer from HCL Technologies HCLT.BO.

Infosys’ 407 million pound ($725.6 million) bid for Axon was last week trumped by local rival HCL’s cash offer of 441.1 million pounds. (Reporting by Victoria Bryan; Editing by Erica Billingham)

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