Misys rises as third parties show interest, Temenos merger at risk

Shares in FTSE 250 software firm Misys were up 5% on Tuesday afternoon on the back of speculation that the firm could abandon a merger with Switzerland-based peer Temenos if other offers prove more attractive to shareholders.

Shares in FTSE 250 software firm Misys were up 5% on Tuesday afternoon on the back of speculation that the firm could abandon a merger with Switzerland-based peer Temenos if other offers prove more attractive to shareholders.

According to Bloomberg, which cites two unnamed people close to the matter, Misys has attracted interest from buyout firms but has not yet received firm offers. However, if these other parties are indeed interested, they'd better be quick as the company gave March 6th as the deadline for an alternative offer (in accordance with Rule 2.6 [a] of the 'Takeover Code').

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