euro adhoc: CompuGROUP Holding AG
Mergers - Acquisitions - Takeovers
iSOFT
acquisitions
Disclosure announcement transmitted by euro adhoc. The issuer is responsible for the content of this announcement.
29.08.2007
AD HOC ANNOUNCEMENT ACCORDING TO § 15 WpHG (Securities Trading Act)
Koblenz - August 29th 2007 - CompuGROUP Holding AG ("CompuGROUP")
today announces that the company (acting through its wholly-owned
subsidiary CompuGROUP UK Limited) will not increase its cash offer,
announced on July 20th 2007, of 66 pence per share for iSOFT Group
plc ("iSOFT") except that CompuGROUP reserves the right (without any
obligation to do so) to increase the offer only in circumstances
where a third party (other than IBA Health Limited or any of its
group companies) announces a competing offer (whether implemented by
way of a takeover offer or scheme of arrangement) for iSOFT. "iSOFT
would have been an excellent complement to our international business
activities, but CompuGROUP does not intend to enter into a contest
that would lead to prices and risks that are unreasonable. This would
not create value for our shareholders", Frank Gotthardt, Chairman of
the Management Board of the CompuGROUP, said. "CompuGROUP will
continue to pursue actively its strategy of opening up attractive new
national markets by acquiring well-established software providers
with strong customer bases and brands. Our company's unique reach
with those providing services in the healthcare industry is the basis
for our innovative products and services. All parties involved
benefit from this through greater online connectivity and a rapid
establishment of important IT-supported Decision Support Systems. The
double strategy of acquisition-powered and organic growth is the key
to our success."END OF THE AD-HOC ANNOUNCEMENT
end of announcement euro adhoc 29.08.2007 00:07:02
Further inquiry note:
Markus Georgi
Head of Investor Relations
Tel.: +49 (0) 261 8000-1238
E-Mail: mkg@compugroup.com
Branche: Software
ISIN: DE0005437305
WKN: 543730
Börsen: Börse Frankfurt / official dealing/prime standard
Börse Berlin / free trade
Börse Hamburg / free trade
Börse Stuttgart / free trade
Börse Düsseldorf / free trade
Börse München / free trade