Financial software solutions provider, Bravura Solutions (ASX:BVS) has made a bid to acquire GBST Holdings (ASX:GBT).
Bravura Solutions has submitted a nonbinding indicative proposal to acquire all of the shares in GBST Holdings by way of a scheme of arrangement.
It is offering a cash payment of $2.50 per GBST share.
This is a 30.4 per cent premium on the 30 trading day volume-weighted average price.
Shares in Bravura Solutions (ASX:BVS) last traded at $5.25.