Sage promotes Berruyer to top job
16th Jul 2010 07:01
Accountancy software provider Sage has named Guy Berruyer, currently head of its mainland Europe & Asia operations, as the man to take over from chief executive Paul Walker. The 59-year-old Frenchman has spent 13 years at the firm, joining to run its operations in France in 1997. He made it to the
Read moreFriday newspaper round-up: Goldman Sachs, BP, Sage
16th Jul 2010 06:39
Goldman Sachs has agreed to pay $550 million to settle charges that the Wall Street bank tricked investors into buying a toxic mortgage product during the housing boom. The payout includes $100 million to Royal Bank of Scotland, the Times reports. As part of the settlement, Goldman acknowledged tha
Read moreSage To Appoint Guy Berruyer As New CEO - Financial Times
16th Jul 2010 06:31
LONDON (Dow Jones)--Sage PLC (SGE.LN), one of the U.K.'s largest software companies, is poised to appoint Guy Berruyer as chief executive to replace Paul Walker, who is stepping down after 16 years, reports the Financial Times Friday, without citing sources. Berruyer, a 59-year-old French nation
Read moreUPDATE: Advent Out Of Bain Capital's TeamSystem Auction -Source
15th Jul 2010 17:29
(Adds detail) By Marietta Cauchi and Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Advent International is out of the auction for TeamSystem SpA, the Italian software company being sold by U.S. private equity firm Bain Capital LLC, a person familiar with the company told Dow J
Read moreAdvent Out Of Auction For Bain Capital's TeamSystem - Source
15th Jul 2010 12:52
By Marietta Cauchi and Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Advent International is out of the auction for TeamSystem SpA, the Italian software company being sold by U.S. private equity firm Bain Capital LLC, a person familiar with the company told Dow Jones Newswires
Read moreUK MARKET TALK ROUNDUP: BROKERS COMMENTS
7th Jul 2010 09:16
Broker comments in the UK today. Compiled by Dow Jones Newswires Markets Desk, [email protected] Contact us in London. +44-20-7842-9464 [email protected] 0816 GMT [Dow Jones] WestLB upgrades Sage Group (SGE.LN) to buy from add, "to reflect greater mathematical upside but also to
Read moreMARKET TALK: WestLB Upgrades Sage To Buy From Add
7th Jul 2010 09:16
0816 GMT [Dow Jones] WestLB upgrades Sage Group (SGE.LN) to buy from add, "to reflect greater mathematical upside but also to highlight the fact that we believe this company to be defensive and cheap." Notes cash flow has been excellent, with a free cash flow yield of nearly 10%. Says with a change
Read moreAt Least Three Bidders Make Offers For TeamSystem - Sources
6th Jul 2010 17:50
By Jessica Hodgson and Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--At least three companies have submitted indicative offers for TeamSystem SpA, the Italian software company that private equity firm Bain Capital LLC is selling, people familiar with the company told Dow Jones
Read moreSage pulls out of Teta bid war
2nd Jul 2010 17:46
Business management software provider Sage says that it won't increase its bid for fellow software company Teta SA Unit 4 trumped the Sage's public tender offer to buy Poland's Teta for an enterprise value of about £41m. Sage felt that Teta's business complimented its own operations in Poland but
Read moreSage 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
Read moreSage 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 no
Read morePotential Buyers Cool On Bain Capital's TeamSystem--Sources
1st Jul 2010 18:08
By Marietta Cauchi and Jessica Hodgson Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Potential bidders for TeamSystem SpA--the Italian software company put on the block by Bain Capital--are losing interest in the auction, which is unlikely to be as competitive as previously expected, people fam
Read moreSage mulls next move as Poland bid trumped
30th Jun 2010 17:35
Sage is reviewing its position after Unit 4 trumped the software firm's public tender offer to buy Poland's Teta for an enterprise value of about £41m. The UK company offered PLN 12.75 in cash for Warsaw-listed Teta, more than the PLN 11.75 per share put forward by Unit 4. "The proposed acquisitio
Read moreSage Group: Unit 4 Increases Offer For Teta >SGE.LN
30th Jun 2010 17:05
LONDON (Dow Jones)--Sage Group PLC (SGE.LN), a global supplier of business management software, said Wednesday that following the offer announced on June 23 by Sage for Teta S.A. (TET.WA), Unit 4 N.V. (U4AGR.AE) has increased its own offer for Teta. MAIN FACTS: -Sage is reviewing its positio
Read moreSage Group Plc Offer Update
30th Jun 2010 16:57
TIDMSGE RNS Number : 5792O Sage Group PLC 30 June 2010 30 June 2010 Update to Sage's offer for Teta Following the offer announced on 23rd June 2010 by The Sage Group plc ("Sage") for Teta S.A. ("Teta"), Unit 4 has today increased its own offer for Teta. Sage is reviewing its position at present
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