Eleventh hour bidders derail Temenos’ Fidessa acquisition

A pair of gatecrashers have burst into Temenos’ £1.4bn bid for UK trading technology firm Fidessa, with one party offering a 5% premium to the existing deal from the Swiss banking software company.

  • By Michael Turner
  • 04 Apr 2018

Two companies have bid for Fidessa, with one company offering an aggregate of £38.297 per Fidessa share, made up of a £37.50 cash component and a £0.797 dividend.

This is 5% higher than the £36.467 aggregate that Temenos offered for the company in February.

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