Sydney, Aug 29, 2007 AEST (ABN Newswire) - IBA Health Limited (ASX: IBA)(PNK: IBATF) - Australia's largest listed eHealth company, today announces that CompuGROUP Holding AG has advised that it will not raise it's offer for iSOFT Group plc.
The announcement issued at the end of trading (August 29) on the German Stock Exchange (WpHG) stated, " CompuGROUP Holding AG ("CompuGROUP") 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")". The announcement was made by Frank Gotthardt Chairman of the Management Board of CompuGROUP.
Gary Cohen, Executive Chairman of IBA Health, said, "The decision by CompuGROUP not to increase their offer means that IBA's offer at 69 pence is now the best offer on the table for iSOFT shareholders. We would expect the iSOFT board to now recommend our offer. This brings the current competitive situation that has existed to an end. We now look forward to completing our offer over the next few weeks".
Contact
Gary Cohen
Chairman
IBA Health Limited
Phone: +61 2 8251 6700
Email: gary.cohen@ibahealth.com
Media
Greg King
Communications and Business Development Director
IBA Health Limited
Phone: +61 413 621 111
Email: greg.king@ibahealth.com
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