FONT-SIZE Plus   Neg

Vista Equity Partners May Make GBP 1.3 Bln Offer For Misys

Private equity firm Vista Equity Partners is reportedly planning to make a 1.3 billion pounds ($2.1 billion) offer for UK-based banking software maker Misys Plc (MSY.L, MUSJF.PK), Bloomberg said.

San Francisco-based Vista may offer 350 pence per share for Misys, which is also considering a joint offer from CVC Capital Partners Ltd. and ValueAct Capital, the largest shareholder in Misys.

Misys was also in merger talks with Geneva, Switzerland-based rival Temenos Group AG. However, last week the company confirmed that talks with Temenos ended as the parties were unable to agree on the final terms of a transaction.

Misys also added then that it continues to be in discussions with Vista, CVC Capital Partners Ltd. and ValueAct Capital.

Misys has formed an independent committee of the board of directors to consider all proposals before it.

Vista has to announce its plans about the offer for Misys before the U.K. market closes today, although a firm offer may not be disclosed.

MSY.L closed on Friday at 325.18 pence, up 2.68 pence, on a volume of 2.65 million shares.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Chipmaker Qualcomm is reportedly in talks with NXP Semiconductor NV (NXPI) for a possible acquisition, reports said. According to Bloomberg, negotiations are on with a probable price of $110 t $120 per NXP share. The deal would value NXP at around $34.7 billion. Regulators have confirmed the eleventh U.S. fatality linked to Takata Corp.'s defective air bag inflators. The National Highway Traffic Safety Administration or NHTSA said Thursday that a crash fatality in Riverside County, California, was tied to the rupture of a recalled Takata air bag inflator. Reynolds American Inc. (RAI) on Friday confirmed that British American Tobacco plc (BATS.L, BTI) has offered to buy the remaining 57.8 percent stake that it does not own in the US tobacco company for $47 billion. Reynolds said its board of directors will evaluate the offer, and respond accordingly to BAT, which currently owns 42.2 percent stake in Reynolds. The proposal represents an enterprise va
comments powered by Disqus
Follow RTT