About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

ION Trading Seals the Deal at Fidessa

Subscribe to our newsletter

ION Trading has agreed to acquire Fidessa just hours after it made a proposal to buy the company at a value of £1.5 billion and then transitioned the proposal into a formal offer. The offer trumps the bid for Fidessa made by Temenos in February and initially recommended by Fidessa to its shareholders.

As we noted earlier today, ION Trading proposed to acquire Fidessa for £38.70 per share in cash, valuing Fidessa at about £1.5 billion and entitling shareholders to receive and retain a final dividend and special dividend for the year to the end of December 2017 amounting to 79.7p per share. The company made its formal offer this afternoon, in time to meet today’s 5pm deadline set by the UK Takeover Panel for competing offers.

Lindsell Train, Evenlode Investment Management and Elliott International, which together own 25% of Fidessa’s shares, have given irrevocable undertakings to support the ION Trading offer.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best Practices for Building High-Performance Data Infrastructures

The requirement for high-performance data systems to support trading analytics for hedge funds, high-frequency trading firms and electronic liquidity providers is well established. But the explosion in Big Data over the past several years has expanded the scope of inputs being used by these firms. At the same time, cloud technologies have added complexity to...

BLOG

Solving the Multicast Challenge of Distributing Market Data in the Cloud

As cloud becomes increasingly widely adopted in the financial markets sector, one area of cloud migration that remains elusive is that of market data distribution. The key stumbling block is the fact that the industry almost exclusively relies on multicast for distributing real-time market data. Multicast is tried and tested, it works, it is well...

EVENT

RegTech Summit New York

Now in its 6th year, the RegTech Summit in New York will bring together the regtech ecosystem to explore how the North American capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Trading Regulations Handbook 2022

Welcome to the third edition of A-Team Group’s Trading Regulations Handbook, a publication designed to help you gain a full understanding of regulations that have an impact on your trading operations, data and technology. The handbook provides details of each regulation and its requirements, as well as ‘at-a-glance’ summaries, regulatory timelines and compliance deadlines, and...