Published by Proactive Investors – 3rd April 2018
Fidessa PLC (LON:FDSA) has been approached by two separate parties about possible takeover offers to rival the £1.4bn bid received from Swiss banking software company Temenos AG.
One of the potential offers would see Fidessa shareholders receive £38.297 per share in cash and dividends, representing a 5% premium to the Tenemos bid.
Tenemos in February offered £36.467 per share in cash and dividends to buy Fidessa.
British-based Fidessa said meetings that were scheduled for April 5 to vote on the Tenemos offer will be delayed while the company explores potential alternative bids from the other two undisclosed parties.
The Temenos offer will not lapse as a result of postponing the meetings or announcing the possible rival offers. However, the meetings must be rescheduled on or before April 27, under the condition of the offer.
Fidessa, which supplies trading and investment software to the financial services sector, said discussions with the two other parties are ongoing and there can be no certainty that a formal offer will be made.
Shares in Fidessa surged 9.8% to 4,025p in afternoon trading.
