Pegasus pledges to retain brand in potential buyout.

The directors of Australian software company, Solution 6, were believed to be on the verge of revealing whether they would counter a £55.5m bid for the software group from recently floated Internet company Two other companies who were believed to be considering a bid have thrown in the towel. Sage confirmed it would not be making a bid, while Electronic Data Processing has also ruled itself out. Pegasus has recommended shareholders accept the 796p per share from, while City analysts have praised the company on the value of the potential deal. A Pegasus spokesman said: ‘We are under offer and have recommended the deal. However, it will be business as usual for us no matter what happens. ‘Our resellers and brand are not being courted by the competition and we will join with a company that will add something to our brand.’ Pegasus also confirmed that it would show its new Microsoft Windows 2000-ready accounting solution at the launch of Windows 2000 at Earls Court which begins today.

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