Temenos in Acquisition Talks
Swiss based core-banking provider Temenos is set to snap-up a British vendor of trading systems and financial information.
Temenos is in advanced discussions for a possible all-cash 1.4 billion pounds takeover of trading systems technology vendor Fidessa, according to a statement from Temenos.
Should the transaction proceed Fidessa shareholders would receive 35.67 pounds in cash for each Fidessa share together with the right to receive the dividends recently announced with Fidessa's full-year results which, in total, are worth 0.797 pounds per Fidessa share.
Temenos recently reported a strong set of results on the back of a flurry in technology spending by major banks and has bolstered its portfolio in Asia Pacific.
