Johannesburg, South Africa (Aug. 4, 2003) Sage plc, the United Kingdom parent of United States-based Best Software, has increased its lead in the bidding for Softline Ltd., the South African parent of North American business software companies, AccountMate and BusinessVision.

Sage submitted a firm bid of 2.0 South African Rand, and Softline has scheduled a September 8 shareholders meeting to consider all offers. Other suitors are a group of internal Softline managers, which have bid 1.35 Rand, and Exact Software -- the Dutch-based parent of U.S.-based Exact North America, formerly called Macola -- which in consortium with Softline shareholder Ivan Ferrer offered 1.45 Rand.

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

Don't have an account? Register for Free Unlimited Access