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Sage subject of takeover rumours

by AccountancyAge.com

18 Sep 2007

Accounting software group Sage has become the centre of takeover speculation.

According to reports, US software rival Intuit is the most obvious buyer for the Newcastle-based company, while there is also the possibility of a private equity group showing interest given Sage's strong cash flow and its visibility of earnings.

The company has also performed well on the FTSE 100, going against the tide which has seen the index fall.

Yesterday Sage shares rose again while the FTSE 100 lost ground.

Further reading:

Sage shines while others falter

Sage forms CPA advisory board

'Undervalued' Sage shares climb

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