Misys's investors were given some good news on Monday when the High Court of Justice made an order approving the scheme through which Vista Equity Partners will acquire the UK financial software company.
The hearing outcome enables the sale of Misys convertible bonds. The court now needs to confirm the associated capital reduction at a court hearing being held on May 31st.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
-
Should the income protection age cap be lifted?You can only get income protection cover if you are below age 59. With people now working for longer, should the limit be raised?
-
UK interest rate cut all but ruled outRates are expected to remain at 4.25% when the Bank of England announces its decision tomorrow
