Misys takes another step closer to sale -UPDATE

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.

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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.

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The company is still on track to exit the stock market by the start of June.

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