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 Software AG to acquire SAGA Systems (AGS)

   *  Amount:         $360 million

   *  Terms:            100% cash

   *  Premium:        n/a

   *  Industry:        Performance software

   *  Scorecard:      B

DARMSTADT, Germany, Nov. 2--Software AG, a leading European system software provider offering cutting edge technology for data management and e-business, and SAGA Systems announced that Software AG will acquire all outstanding common stock in SAGA Systems for $11.50 per SAGA Systems share in cash, for a total transaction value of approximately $360 million. With the acquisition of SAGA, Software AG will be able to expand significantly into the North America, South America, Japan, and Israel markets for B2B e-commerce and XML technologies. Software AG is listed on the Frankfurt Stock Exchange.