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0.00% $2.80 mainstream group holdings limited

News: MAI Mainstream Group Holdings Receives Superior Proposal From SS&C Technologies

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    12/04/21
    16:55
    Post #: 52409447

    April 12 (Reuters) - Mainstream Group Holdings Ltd (MAI) :

    • CONCLUSION OF 'GO SHOP' PERIOD AND EMERGENCE OF A SUPERIOR PROPOSAL
    • SUPERIOR PROPOSAL HAS EMERGED FROM SS&C TECHNOLOGIES HOLDINGS FOR $2.00 CASH PER SHARE
    • UNDER SCHEME WITH SS&C, SS&C AND/OR ASSOCIATED COS WILL BUY 100% MAINSTREAM
    • DEED IS CONDITIONAL UPON VISTRA NOT EXERCISING VISTRA MATCHING RIGHT, CO TERMINATES DEED AND PAY VISTRA BREAK FEE OF $1.708 MILLION
    • SS&C INTENDS FOR MAINSTREAM'S CEO, MARTIN SMITH, TO REMAIN WITH BUSINESS AFTER ACQUISITION
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