Sage Group Plc Offer Talks Terminated

2nd Jul 2010 12:54

TIDMSGE RNS Number : 7418O Sage Group PLC 02 July 2010 2 July 2010 Update on Sage's offer for Teta Following the offer announced on 23 June 2010 by The Sage Group plc ("Sage") for Teta S.A. ("Teta"), Unit 4 increased its offer for Teta on 30 June 2010. After further consideration, Sage will not be increasing its own offer for Teta. Sage continues to believe Teta is a high quality company. However, Sage is not aware of any material information which would justify an increase of its own offer in excess of PLN 14 per share. About The Sage Group plc The Sage Group plc is a leading global supplier of business management software and related products and services, principally for small to medium-sized enterprises. Formed in 1981, Sage was floated on the London Stock Exchange in 1989. Sage has 6.2 million customers and 13,100 employees worldwide. We operate in over 24 countries covering the UK, Europe, North America, South Africa, Australia, India and China. For further information please visit www.sage.com. Enquiries: The Sage Group plc +44 (0) 191 294 3068 Paul Walker, Chief Executive Paul Harrison, Finance Director Andrew Griffith, Investor Relations Ralph Charlton, Corporate Communications Tulchan +44 (0) 20 7353 4200 David Shriver This information is provided by RNS The company news service from the London Stock Exchange END OTTBBGDRXUGBGGD (END) Dow Jones Newswires July 02, 2010 07:54 ET (11:54 GMT)