Sage bid offer trumped

Accountancy software firm Sage today saw its £334m (€583.1m) offer for Norwegian rival Visma trumped by a private equity firm.

Sage bid offer trumped
Tue, 18 Apr, 2006 - 20:00

Accountancy software firm Sage today saw its £334m (€583.1m) offer for Norwegian rival Visma trumped by a private equity firm.

Newcastle-based Sage must now pay more than £400m (€578.5m) to top the bid by HgCapital, which has secured support from the Visma board and investors holding 41.3% of shares.

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