Sage Gazumped in Norwegian U-Turn

The JournalApril 19, 2006

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Summary


Software firm Sage looks to have been gazumped by a private equity firm on the biggest acquisition in its history.

The Newcastle-based group agreed an initial pounds 334m offer to buy Norwegian business management software company Visma last month.

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Extract


Sage Gazumped in Norwegian U-Turn

However, directors at Oslo-based Visma conducted an abrupt about- turn last week, saying that they could not recomme...

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