Offer Talks Terminated

RNS Number : 7418O

Sage Group PLC

02 July 2010

 

2 July 2010

Update on Sage's offer for Teta

Following the offer announced on 23 June 2010 by The Sage Group plc ("Sage") for Teta S.A. ("Teta"), Unit 4 increased its offer for Teta on 30 June 2010.

After further consideration, Sage will not be increasing its own offer for Teta. 

Sage continues to believe Teta is a high quality company. However, Sage is not aware of any material information which would justify an increase of its own offer in excess of PLN 14 per share. 

About The Sage Group plc

The Sage Group plc is a leading global supplier of business management software and related products and services, principally for small to medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage has 6.2 million customers and 13,100 employees worldwide. We operate in over 24 countries covering the UK, Europe, North America, South Africa, Australia, India and China. For further information please visit www.sage.com.

Enquiries:

The Sage Group plc       [phone]                               

Paul Walker, Chief Executive                                              

Paul Harrison, Finance Director                                          

Andrew Griffith, Investor Relations

Ralph Charlton, Corporate Communications

Tulchan                          [phone]

David Shriver

 

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