GBST receives fresh offer from SS&C Technologies

Company News

by Rachael Jones

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. 

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.