GBT gbst holdings limited
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News: GBT GBST Holdings Receives Indicative Proposal From SS&C Technologies At $A3.25 Per Share

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    01/07/19
    09:45
    Post #: 39314326

    July 1 (Reuters) - Gbst Holdings Ltd (GBT) :

    • RECEIVES NON-BINDING INDICATIVE PROPOSAL FROM SS&C TECHNOLOGIES AT $A3.25 PER SHARE
    • INTENDS TO RECOMMEND OFFER TO SHAREHOLDERS
    • PROPOSAL SUBJECT TO DUE DILIGENCE.
    • PRICE OF A$3.25 PER SHARE VALUES EQUITY OF GBST AT ABOUT A$221 MILLION
    • ENTERED EXCLUSIVITY DEED WITH SS&C PURSUANT TO WHICH IT HAS UNDERTAKEN TO GRANT SS&C FOUR WEEKS TO COMPLETE ITS DUE DILIGENCE
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