23rd Apr 2018 14:41
LONDON (Alliance News) - The UK Takeover Panel said Monday SS&C Technologies Ltd has until May 5 to make a firm offer for Fidessa PLC.
The announcement comes after Fidessa confirmed it had accepted ION Capital UK Ltd's offer for the financial software group. ION made made a GBP38.703 proposal in cash for Fidessa.
In response, Fidessa's original suitor Temenos AG said it would not raise its own offer. SS&C had been another potential suitor for Fidessa after it made an alternative offer to Temenos's earlier in April.
Shares in Fidessa were 1.4% lower at 4,000.00 on Monday.
Related Shares:
Fidessa Group