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IBA ups bidding war for iSoft

24th August 2007

The bidding war for iSoft has intensified after the Australian company IBA Health re-entered the race to secure the deal.

It has increased its offer to £166m, which tops a rival offer from the German company CompuGroup. IBA had tabled a £140m all share offer earlier this year but that was bettered in July by a £160m all cash offer from CompuGroup, which was backed by the iSoft Board. Compugroup's approach came after an earlier all-share offer from IBA. iSoft say it will consider the revised IBA offer.

 

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