Sage Group Won't Increase Offer For Teta >SGE.LN

2nd Jul 2010 13:01

LONDON (Dow Jones)--Sage Group PLC (SGE.LN), a global supplier of business management software and related products and services, said Friday it won't be increasing its offer for Teta S.A. (TET.WA). MAIN FACTS: -Sage continues to believe Teta is a high quality company but isn't aware of any material information which would justify an increase of its own offer in excess of PLN 14 per share. -Sage shares at 1155 GMT down 2.25 pence, or 1%, at 223.45 pence valuing the company at GBP2.96 billion. -By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; [email protected] (END) Dow Jones Newswires July 02, 2010 08:01 ET (12:01 GMT)