UK 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 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
Read moreSage Group Launches GBP41M Tender Offer For Poland's Teta SA
23rd Jun 2010 08:07
LONDON (Dow Jones)--Sage Group PLC (SGE.LN), a supplier of business management software and services, said Wednesday it has launched a public tender offer to acquire Teta S.A. (TET.WA), based in Wroclaw, Poland, and listed on the Warsaw Stock Exchange, for an enterprise value of GBP41 million. M
Read moreBuyout Firms Circle Bain Capital's TeamSystem -Sources
21st Jun 2010 12:07
By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON (Dow Jones)--Several private equity firms are likely to bid for TeamSystem SpA, the Italian software company put on the block by Bain Capital, in yet another example of the popularity of payment processing companies, people familiar with the
Read moreBain Puts Italian Unit TeamSystem Up For Sale: Sources - FT
21st Jun 2010 03:51
DOW JONES NEWSWIRES Bain Capital has put its Italian software unit TeamSystem up for sale for as much as EUR600 million ($743 million), the Financial Times reported Monday, citing anonymous sources. U.K.-based Sage, which attempted to buy TeamSystem previously, is said to be interested, the
Read moreWeek Ahead:BoE rate decision, Centrica, BT, Sainsbury
7th May 2010 11:44
The Bank of England delayed the meeting of its Monetary Policy Committee (MPC) last week as it clashed with the date of the general election. The date was rescheduled to avoid any accusation of the MPC's decisions on interest rates and fiscal stimulus influencing the election result. The MPC is s
Read moreLondon close: Late rally pares losses
5th May 2010 17:16
Though tomorrow is the day of the UK General Election all eyes were on Greece today, as at least three people were reported dead as violent protests erupted in central Athens against the planned introduction of austerity measures. Stocks came off the bottom towards the end of the session, though th
Read moreLondon afternoon: Greek riots rattle investors
5th May 2010 14:53
Footsie is now nursing a triple digit fall as the downward trend seen in the last hour of the morning session accelerated over lunch as US investors woke up to television footage of Greeks rioting in the streets. Civil unrest in Greece has sent the price of oil and metals into decline with a predic
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