The Channel logo

News

By | Kelly Fiveash 1st February 2008 11:12

Coda green lights Agresso bid

Show me the way to the next SAASy bar

Coda has recommended Unit 4 Agresso's 205 pence per share cash offer to shareholders after no other suitors stepped forward with a bid for the financial management software firm.

Netherlands-based Unit 4 Agresso approached Coda in December last year, although the two firms didn't reveal a takeover bid could be in the pipeline until mid-January.

The agreement values Coda's equity at £158m and the Aim-listed company has granted limited due diligence to Unit 4 Agresso.

Unit 4 Agresso said the deal will create a pan-European financial software provider punting its ERP software at the mid-market, and added that Coda would open up access to emerging markets in central and eastern Europe and Asia Pacific.

Coda shares are currently trading at 201 pence on the London Stock Exchange.

The Unit 4 Agresso press release is here. ®

alert Send corrections

Opinion

Chris Mellor

How long before Blue Big HQ pulls the plug on the whole thing?

Chris Mellor

Drives nails forged with Red Hat iron into VCE's coffin
Sleep Cycle iOS app screenshot

Trevor Pott

Forget big-spending globo biz: it's about the consumer... and he's desperate for a nap

Features

Windows 8.1 Update  Storeapps Taskbar
Chinese Buffet self-service
Chopping down the phone tree to scrump low-hanging fruit
An original member of the System/360 family announced in 1964, the Model 50 was the most powerful unit in the medium price range.
Big Blue's big $5bn bet adjusted, modified, reduced, back for more
Microsoft CEO Satya Nadella
Redmond needs to discover the mathematics of trust