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.
jh
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
-
Trouble brews in B&M as bargain shops take a hitOpinion Once a stock market darling, B&M's share price has slumped. What has gone wrong for bargain shops?
-
US and China reach a ceasefire in their trade war after talks in LondonThe US and China's trading relationship – the most important one in the global economy – is back on track. Will the truce last?
