7th May 2025 11:55
(Alliance news) - FD Technologies PLC on Wednesday confirmed it was in advanced discussions with TA Associates Management LP regarding a possible takeover offer.
The County Down, Northern Ireland-based company provides data analytics and consulting services to finance, technology and energy institutions.
TA Associates is a Boston, Massachusetts-based private equity firm which has raised about USD65 billion in capital since it was founded in 1968.
TA has until June 4 to announce a firm intention to make an offer for FD Tech, or to announce that it does not intend to make an offer.
FD Tech said a possible takeover offer by TA would be for around GBP24.50 per FD Tech share, which FD said it would be "minded to recommend" to its shareholders.
FD Tech shares jumped 22% to 2,350.00 pence each on late Wednesday morning in London.
By Tom Budszus, Alliance News slot editor
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