April 5, 2018 / 6:32 AM / 2 years ago

Fidessa confirms SS&C and Ion counterbids in takeover battle

LONDON (Reuters) - British software firm Fidessa Group plc FDSA.L on Thursday said that Ion Investment Group Limited and SS&C Technologies Holdings (SSNC.O), have separately submitted offers to buy Fidessa, in response to media reports naming the bidders.

Fidessa on Tuesday postponed an imminent shareholder vote on whether to back a 1.4 billion pound ($2 billion) takeover bid from Switzerland’s Temenos (TEMN.S), saying it might receive two more offers.

Ion’s bid would see Fidessa shareholders receive in aggregate 38.30 pounds for each Fidessa share, a five percent premium to the Temenos offer, Fidessa said in a filing on Tuesday that did not identify Ion.

Reporting by Lawrence White; editing by Jason Neely

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