Sausage takeover rumoured

Sausage takeover rumoured

Rumours of a take-over of Sausage Software are rampant, this time by an American Media company.

The rumours, started by an AAP report, were strengthened by a 22 per cent surge in Sausage's share price yesterday. It closed at $2.12, up 40 cents.

Among the many companies under speculation as the buyer is Nasdaq-listed MarchFirst who met with Sausage executive director, Wayne Bos earlier this year. MarchFirst is an Internet professional service firm assisting companies in setting up and implementing business models, brands and systems.

Also fuelling the rumours is talk that Telstra has agreed to the sale of its five per cent stake in Sausage to MarchFirst at a 50 per cent premium to the current value of stock.

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