Fidessa Agrees to £1.4 Billion Takeover by Temenos

[kreslik.news]

Fidessa Group Plc said on Wednesday it has agreed to a takeover by Swiss fintech ‎company Temenos in a deal worth up to £1.4 billion ($1.96 billion), signaling the start of ‎what may become a flurry of consolidation in the sector.‎

It comes after the pair said yesterday they were in detailed, advanced discussions over an all-‎cash acquisition offer‏.‏

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The UK-based trading technology supplier recommended the deal to ‎shareholders, who will receive £35.67 per share, plus the ‎£0.797‎ a share dividend ‎announced before for the company’s 2017 results. ... (read more)