Finzsoft boss to make discounted takeover bid with Singapore's Silverlake

Wed, 17 Dec 2014

By Suze Metherell Dec. 18 (BusinessDesk) - Andrew Holliday, managing director of Finzsoft Solutions, intends to make a discounted takeover bid for the financial software developer in partnership with Silverlake Axis, the Bermuda-based IT company. Bidco, the company formed out of Holliday and Silverlake's lock up agreement, intends to make a formal takeover offer to Finzsoft investors at $3 a share, a 48 percent discount to the recent trading price of $5.77. Chairman Brent Impey said Bidco is expected to make the offer next year, and the b...

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