Johannesburg, South Africa (June 27, 2003) -- Sage Group plc, the England-based parent of Best Software, has joined a bidding war for Softline Ltd., the South African parent of the developers of business software applications BusinessVision, AccountMate and Datafaction.
Softline's Web site reports that Sage sent its board a letter expressing interest in acquiring Softline for 1.8 South African Rand per share, which compares to a 1.45 Rand per share offer proposed two weeks earlier by minority Softline shareholder Ivan Ferrer and Exact Software, the Dutch-based parent of Exact North America, the software vendor formerly known as Macola. Softline is also the subject of a 1.30 Rand per share bid by some internal managers.
Register or login for access to this item and much more
All Accounting Today content is archived after seven days.
Community members receive:
- All recent and archived articles
- Conference offers and updates
- A full menu of enewsletter options
- Web seminars, white papers, ebooks
Already have an account? Log In
Don't have an account? Register for Free Unlimited Access