SAGE LOSES ACQUISITION BID
- Friday, 09 July 2010
- News and Analysis
The Sage Group is back in the merger-and-acquisition business, but the efforts of the English parent of Sage North America to take over a Polish company did not succeed. Sage bid 12.75 pounds a share for Teta, an ERP and HR vendor based in Wroclaw, Poland. However, Unit4, whose products include Coda and Agresso and which had previously placed a bid, came back with an offer of 12.80 pounds per share. Sage dropped its effort saying it could not justify a higher price. However, the move demonstrates that Sage, which purchased nothing of significance in 2009, sees the market differently this year.
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