Linedata angling to buy FMC

NEWS ANALYSIS | ACQUISITION | NEW BUY-SIDE GIANT ON THE HORIZON

PARIS and TORONTO -- Linedata Services has made a bid for Canadian technology vendor Financial Models Company (FMC), but a competing offer by FMC president and chief executive Stamos Katotakis to buy all outstanding shares of the firm may complicate those efforts.

While Linedata maintains that its offer will ultimately win out -- and that a majority of FMC’s board has recommended the offer, an independent committee of FMC’s board of directors has yet to comment on the competing bids.

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