Infosys Technologies is in the thick of yet another European buy-out rumour --this time involving the UK-based Sage Group.British publications have reported that Sage's stock price on the London Stock Exchange went up on Tuesday on talk that Infosys, CapGemini orsoftware giant Microsoft may be interested in acquiring the company.
The publications said that a couple of institutions picked up shares in Sage even as retail investors in the Britain were rushing out of banking-related stocks following the run on Northern Rock bank.
Headquartered in Newcastle upon Tyne, the Sage Group is a supplier of accounting, payroll, CRM and business management software for large, medium and small size enterprises.
Read more in The Times of India article.
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