Bravura Solutions sweetens bid for GBST

Company News

by Rachael Jones

Bravura Solutions (ASX:BVS) has decided to lift its bid for GBST Holdings to $3 per share.

GBST is a UK-focused financial technology company.

Bravura don’t intend to go higher than $3

Bravura confirms it would need four weeks to conclude confirmatory due diligence.

Bravura has raised equity for the funding of any acquisition of GBST, so any Scheme Implementation Deed would not be subject to a funding condition.

Shares in Bravura Solutions (ASX:BVS) are trading 1.8 per cent higher at $5.09.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.