Software house battle looms as Sage considers joining in takeover bidding for Pegasus

Sage and Pegasus had considered a marriage in 1996 when Sage launched a £31m offer only to have it rejected as inadequate amid warnings that the tie-up could face regulatory hurdles.

Pegasus previously said it had found a new partner in Australian accountancy software group Solution 6 after it made a 430p-a-share offer for the UK company.

Aussie software giant moves to rein in Pegasus

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