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: The emerging structure of the institutional digital assets market

As interest in trading digital assets continues to increase among institutional investors, so too does the need to focus on market structure, regulation and trading solutions. For financial institutions that get it right the rewards will be significant, but it is not necessarily easy and the challenges are many. This webinar will consider how digital...

BLOG

Revolutionising Trading Workflows with AI and Interoperability

Together, AI and interoperability have the power to transform trader workflows in financial markets. Driven by the need for greater efficiency and performance, the promise of AI in decision-making and trade execution is now being realised through the integration of existing systems with new AI-based capabilities. This open, interoperable approach enables seamless workflows and personalised...

EVENT

RegTech Summit New York

Now in its 8th 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

Regulatory Reporting Handbook – First Edition

Welcome to the inaugural edition of A-Team Group’s Regulatory Reporting Handbook, a comprehensive guide to reporting obligations that must be fulfilled by financial institutions on a global basis. The handbook reviews not only the current state of play within the regulatory reporting space, but also looks ahead to identify how institutions should be preparing for...