Fintech Fever Grips M&A with Fidessa Acquisition Offer

Temenos looks set to snap up the London-based vendor with a billion-pound deal as 2018 becomes white-hot for mergers and acquisitions.

London skyline at sunset
The proposed deal would create a powerhouse across banking and capital markets fintech.

Temenos originally approached Fidessa with an offer in January, according to people familiar with the situation, and revised its offer upwards in early February. The deal values Fidessa at around £1.4 billion (approximately $2 billion), with Fidessa’s shareholders receiving £35.67 in cash for each share—representing a 36.9 percent premium on the company’s closing price on February 16. Fidessa shares have since risen by just over 47 percent since the reference date, when news of the potential agr

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