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ENR > Information Technology > Best Software Aquires Timberline

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Best Software Aquires Timberline

Publication Date: 18-JUL-03
Author: Bill Snyder
Price: $4.95
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Description
Timberline Software signed an agreement July 16 that will sell the company to U.K.-based The Sage Group plc and its U.S. subsidiary Best Software. The cash deal is worth $102.9 million. Shareholders will receive $8.25 per share, 33% more than the stock's July 16 closing price.

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