BGN Entrepreneur

In the battle for the Australian company–YOB, Sage had been the preferred bidder until it value MYOB for about A$1.3bn. Recently, it is announced that the US private equity fund–Bain Capital has outbidded Sage in the battle for YOB. Bain’s offer is 12-13 times MYOB’s earnings before interest, tax, depreciation and amortisation in 2010.
The fall in Sage’s share price was one reason cited as the possible concern the company by some people that are familiar with the process.

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