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Article: SAGE GROUP PLC - Acquisition.
- Article from:
- PR Newswire UK Disclose
- Article date:
- July 24, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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24 July 2006
Sage acquisition of majority shareholding in French distribution industry
software vendor, Elit Group
The Sage Group plc ("Sage") has acquired approximately 51% of the share capital
of Elit Group ("Elit"), listed on Euronext. Elit is a leading vendor of
business management software for the transport and food distribution sectors in
France. Sage purchased the shares for a price of 7 Euros per share. The
purchase consideration for these shares is approximately [pounds sterling]10.8m, to be paid in
cash.
As a result of this transaction, and as required by French regulations, Sage
will make an offer to the remaining Elit shareholders to acquire all ...
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