logo
Share SHARE
FONT-SIZE Plus   Neg

CVC Capital Partners, ValueAct Continue To Consider Options In Respect Of Misys

Funds advised by CVC Capital Partners Ltd. and ValueAct Capital Master Fund, L.P. noted the recent announcement by Vista of its recommended cash offer for Misys Plc (MSY.L, MUSJF.PK).

Misys had announced today that it agreed to be acquired by an investment vehicle owned by US-based private equity firm Vista Equity Partners for 350 pence per share, totaling about 1.3 billion pounds.

CVC and ValueAct continue to consider their options in respect of Misys, including a possible recommended joint cash offer for the company and urge Misys shareholders to take no action at this time.

However, there can be no certainty that an offer will be made by CVC and ValueAct, nor, if made, that a deal will result.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
American Airlines Group said pilots at its subsidiaries American Airlines and US Airways, represented by Allied Pilots Association, have approved a new five-year contract which provides immediate pay raises of 23 percent and subsequent annual raises of three percent for the next five years. LEGO Group, TT Games and Warner Bros. Interactive Entertainment have announced their 2015 slate of video games, including LEGO Jurassic World, LEGO Marvel's Avengers, and as well as new hand-held and mobile titles. Social-networking giant Facebook, Inc. is said to be testing their new 'Place Tips' feature for iOS users that will rival a similar service being provided by Yelp or Foursquare. The feature will provide the user relevant content about their location as long as they are there through pop ups on their news feed page of Facebook.
comments powered by Disqus
Follow RTT