PracticePeople In PracticeAussie software giant moves to rein in Pegasus

Aussie software giant moves to rein in Pegasus

SOLUTION 6, an Australian accounting services and software house, has made a £30m bid for UK software house Pegasus - which would be its ninth acquisition this year.

Solution 6 has offered 430p a share in cash to Pegasus shareholders and hasacceptances for 8pc of the stock, according to reports today.

Pegasus management have recommended the bid, claiming the company’s size and limited resources would not allow it to reach its potential, particularly in the e-commerce market.

Pegasus deny bid

Related Articles

Is inefficiency stealing your time and money?

Accounting Firms Is inefficiency stealing your time and money?

6m Emma Smith, Managing Editor
CIMA elects new president

Institutes CIMA elects new president

6m Emma Smith, Managing Editor
Transparent currency trade: How to achieve costs visibility

Governance Transparent currency trade: How to achieve costs visibility

6m Emma Smith, Managing Editor
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

6m Emma Smith, Managing Editor
EY appoints head of UK Infrastructure Asset Intelligence practice

Accounting Firms EY appoints head of UK Infrastructure Asset Intelligence practice

8m Emma Smith, Managing Editor
FRP Advisory expands operation with new office, partner appointments

Accounting Firms FRP Advisory expands operation with new office, partner appointments

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

Accounting Firms Magma Group announces merger, partner promotions

10m Emma Smith, Managing Editor
MHA MacIntyre Hudson advises on management buy-out

Accounting Firms MHA MacIntyre Hudson advises on management buy-out

10m Emma Smith, Managing Editor