BusinessCompany NewsSage subject of takeover rumours

Sage subject of takeover rumours

Private equity maybe interested too

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

Related Articles

BDO replaces Deloitte as Mitie auditor

Audit BDO replaces Deloitte as Mitie auditor

3m Emma Smith, Managing Editor
CVR Global appoints partner in London office

Company News CVR Global appoints partner in London office

7m Alia Shoaib, Reporter
FTSE100 failing to provide adequate ethics information

Company News FTSE100 failing to provide adequate ethics information

7m Alia Shoaib, Reporter
Moore Stephens recruits new private client partner

Accounting Firms Moore Stephens recruits new private client partner

10m Emma Smith, Managing Editor
Magma Group announces merger, partner promotions

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
BDO on ‘recruitment spree’ with multiple partner appointments

Accounting Firms BDO on ‘recruitment spree’ with multiple partner appointments

10m Emma Smith, Managing Editor
Brand strength leads to fee income growth for RSM

Accounting Firms Brand strength leads to fee income growth for RSM

10m Emma Smith, Managing Editor
Mazars strengthens audit team with partner appointment

Accounting Firms Mazars strengthens audit team with partner appointment

10m Emma Smith, Managing Editor