18th Jun 2018 14:42
LONDON (Alliance News) - The UK Competition & Markets Authority said Monday that it is considering whether the acquisition of Fidessa Group PLC by ION Investment Group Ltd would lessen competition in the financial services sector.
British trading software provider Fidessa in April agreed to a GBP1.50 billion, or GBP38.703 per share, cash offer from Irish company ION Capital UK Ltd, after rejecting two other competing offers from Temenos Group AG and SS&C Technologies Holdings Inc
The watchdog expects to make a decision on its probe by August 13.
Shares in Fidessa were flat at 3,845.00 pence each.