SS&C Technologies Holdings has proposed a non-binding indicative proposal to acquire all of the shares in GBST Holdings Limited for approximately $155 million.
SS&C and GBST have also entered into certain exclusivity arrangements, subject to the customary fiduciary exceptions for GBST.
However, SS&C has stated: “No assurances can be given as to the transaction between SS&C and GBST being consummated or the terms of such transaction.”
GBST is a specialist financial technology company which provides administration and transaction processing software for retail wealth management organisations and global and regional investment banks.
SS&C is a global provider of investment and financial services and software for the financial services and healthcare industries.
Founded in 1986, SS&C is headquartered in Windsor, Connecticut and has offices around the world.
Some 18,000 financial services and healthcare organisations manage and account for their investments using SS&C's products and services.
