The bid by Continuum Co Inc for software and computer services house Paxus Corp Pty Ltd (CI No 2,188), values the Sydney, Australia company at about $77m: Paxus is 49.9% owned by the NZI Group Services Australia Ltd unit of General Accident Plc here in the UK: Paxus says that if the bid is successful its shares will be delisted and its assets will be merged with those of Continuum’s Australian operation.
