Business Collaborator now part of Agresso

The final stages of Unit 4 Agresso’s takeover of Coda plc, parent company of UK-based collaboration technology vendor Business Collaborator, are now being played out.

A London Stock Exchange announcement today says that Unit 4 Agresso had declared its offer unconditional. As a result, an application had been made for Coda shares to be delisted from the AIM market of the London Stock Exchange, with effect from 27 March 2008. In the meantime, the company will no longer be announcing its annual results for the year ended 31 December 2007 – previously scheduled to be announced in just over two weeks (on Thursday 13 March 2008). This is a bit of a shame as it would have been interesting to see how BC had fared during the past 12 months.

(Related posts: Business Collaborator parent reaches agreement with Agresso, BC parent in takeover approach)

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