12th Apr 2006 08:15
12 April 2006Sage offer to acquire Visma: updateFurther to its announcement of 4 April, The Sage Group plc ("Sage") notes thatVisma ASA ("Visma") has withdrawn its 22 March recommendation of Sage'sacquisition offer to Visma shareholders, by announcing to the Oslo StockExchange that its Board "can no longer endorse the view that the bid is fair onthe current level".Sage is unaware of any material new financial or other information relating toVisma that should cause Visma's Board to withdraw its recommendation.Notwithstanding Visma's announcement, Sage's offer to Visma shareholdersremains open, as described in its formal offer of 4 April. Sage will not bechanging its offer price, or any other material terms of its offer.The offer period ends on 20 April, following which Sage will make a furtherannouncement in relation to the offer.EnquiriesThe Sage Group plc +44 (0) 191 294 3068Paul Walker, Chief ExecutivePaul Harrison, Finance DirectorPhil Branston, Investor RelationsTulchan +44 (0) 20 7353 4200Kirstie HamiltonJulie FosterENDSAGE GROUP PLCRelated Shares:
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