Financial services tech company GBST (ASX:GBT) has received a revised non-binding indicative proposal from SS&C Technologies at $3.60 per share.
SS&C Technologies is an American investment management software company.
The price of $3.60 per share values the equity of GBST at approximately $244 million.
The GBST Board has determined that it remains in the best interest of shareholders to allow SS&C to undertake due diligence and to engage further with SS&C in order to determine if a transaction can be developed and presented to shareholders.
Shares in GBST (ASX:GBT) opened flat at $3.10.