BusinessCompany NewsVisma demands higher bid from Sage

Visma demands higher bid from Sage

Sage bid for Norwegian company frozen

Listed accounting software group Sage’s bid for vendor Visma has been frozen
after the Norwegian software company’s board decided £334m was not enough money.

Sage though has refused to offer more money for the company – its initial
offer tabled three weeks ago was made after securing a recommendation from Visma
that it was offering a fair price for its shares, according to The
Scotsman
.

But the board of Visma has reportedly changed its mind after the company’s
revenues surged by 25% in the first quarter of the year, beating market
expectations.

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