logo
Share SHARE
FONT-SIZE Plus   Neg

CVC, ValueAct Confirm Intention Not To Make Offer For Misys - Quick Facts

CVC Capital Partners Ltd. and ValueAct Capital Master Fund, L.P. confirmed that they do not intend to proceed with an offer for Misys Plc (MSY.L, MUSJF.PK).

On March 5, 2012, funds advised by CVC and ValueAct had announced that they had concluded an agreement to work together with a view to making a recommended joint cash offer for Misys.

On March 19, Magic Bidco Ltd., an investment vehicle indirectly owned by funds managed or advised by Vista Equity Partners, LLC had announced a firm intention to make an offer for Misys pursuant to Rule 2.7 of the City Code on Takeovers and Mergers.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Internet giant Google Inc. (GOOGL, GOOG) has launched a new online flight search tool that makes it easy to find out the best flight deal. The tool dubbed "Google Flights" provides a calendar that one can scroll through and see the lowest fare highlighted for each day. One can also use the lowest... Hyperloop Transportation Technologies, a start-up that has adopted Elon Musk's ambitious project of high-speed transportation system, plans to build a Hyperloop test track in California and completed as early as 2016. Hyperloop Test Technologies, a crowd-funded company, plans to take Musk's dream... Colors have set the social media afire after an otherwise innocuous photo of a bodycon dress kept users guessing as to what hues permeate it. Opinions are divided, with some seeing the dress as white and gold, and others as blue and black. The photo was posted on Tumblr by a user called Swiked.
comments powered by Disqus
Follow RTT