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