The merger discussions between financial software developers Misys and Temenos Group have been terminated, but Misys remains in talks with its other suitors regarding a potential takeover.
Swiss firm Temenos, long thought of as a natural partner of Misys, has been in discussion with its UK peer since the beginning of February, but the two parties have evidently been unable to agree on a price. That leaves the field clear for the two rival private equity challengers, Vista Equity Partners and CVC Capital Partners, the latter working in conjunction with Misys's major shareholder, ValueAct Capital.
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