@olabarre
Vista is proposing to acquire outstanding shares of Misys for cash but has not yet made a firm offer, which the company must do by March 19. The companies have indicated that they'll make further announcements once the Misys board of directors has had a chance to review the offer and make a recommendation.
Vista Proposal for Misys Threatens Misys-Temenos Merger Talks
Vista Equity Partners has made a nonbonding proposal to acquire Misys, threatening a possible merger between Temenos and Misys that was announced earlier this month.
February 21, 2012
San Francisco-based private equity firm Vista Equity Partners has made a nonbonding proposal to acquire London-based financial software vendor Misys. The proposal disrupts merger talks announced earlier this month between Geneva-based banking software provider Temenos and Misys.
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