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The board of SAI Global Limited (ASX:SAI) has decided not to pursue a potential takeover offer from Pacific Equity Partners (ASX:PEP).SAI had received an unsolicited bid from the private equity firm back in May that valued SAI at $1.1 billion but no formal offer was received.A number of interested parties then expressed interest in various parts of the SAI Global however no compelling proposals were received.However SAI’s review process provided a thorough evaluation and validation of strategy for the company and Executive Chairman Alan Dutton says the discussions identified a range of additional opportunities the company now plans to pursue.Short term priorities include appointing a new CEO, restructuring sales and marketing and consolidation of legacy information technology platforms plus cost cutting measures.SAI Global reported net profit of $35.5 million dollars for the full year ended 30 June 2014.
