Article: SAGE GROUP PLC - Acquisition.

 
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  ...

Related newspaper, magazine, and journal articles:

 
 
Newsweek Harper's Magazine The Washington Post Chicago Tribune Crain's Chicago Business PRNewswire Pediatric News The Nation Advertising Age The Economist (US) A FREE trial gives you access to over 80 million articles! Access over 6,500 publications with a FREE trial!