On 20 July 2007, the board of iSOFT announced a recommended cash offer for iSOFT by CompuGROUP UK Limited (a wholly owned subsidiary of CompuGROUP Holding AG) to be effected by means of a scheme of arrangement and that the board had withdrawn its recommendation of the all-share offer by IBA Health (UK) Holdings Limited (a wholly owned subsidiary of IBA Health Limited) to be effected by means of a scheme of arrangement.
The court hearing to sanction the IBA scheme, which had been scheduled for today, 25 July 2007, was this morning adjourned generally.
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