SS&C Technologies Extends Deadline for GlobeOp Until May 8
SS&C Technologies Holdings Inc. (SSNC) extended the deadline for GlobeOp Financial Services SA (GO/) investors to accept its 572 million-pound ($922 million) offer after owners of 24.9 percent of the company accepted it.
SS&C, a Windsor, Connecticut-based developer of software for financial firms, gave investors until May 8 to accept, according to a statement today.
The company offered 485 pence a share in cash for the hedge-fund administrator on March 14, trumping an earlier offer of 435 pence a share from private equity firm TPG Capital. TPG said this week it won’t improve its offer.
The stock closed yesterday at 482.75 pence in London trading. The shares closed at 293 pence on Jan. 5, the day before GlobeOp said it was in talks to be acquired.
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