Windsor, Connecticut, November 17, 2021 /PRNewswire/ - SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) today confirmed that it has entered into a contract with Blue Prism Group plc ("Blue Prism ”) The preliminary contact proposes to acquire the entire issued and to-be-issued share capital of Blue Prism at a price of 1,200 pence per share of Blue Prism. Blue Prism, headquartered in London, is a global leader in the field of enterprise intelligent automation.
SS&C's initial approach depends on the fulfillment or exemption of multiple prerequisites, including the completion of detailed due diligence, which means that Blue Prism's equity is valued at approximately $1.6 billion.
"For many years, automation has been at the forefront of the SS&C technology program," said Bill Stone, chairman and CEO of SS&C Technologies. "Blue Prism's innovative solutions are recognized as leaders by RPA analysts, and we believe they will complement our existing products, especially our intelligent automation solution Chorus."
If necessary, it will be announced separately.
This announcement is not issued, published or distributed, directly or indirectly, in whole or in part, to or from any jurisdiction that would violate the relevant laws or regulations of that jurisdiction.
This announcement is not based on the determination of the intention to make an offer in accordance with Rule 2.7 of the Urban Takeover and Merger Code (the "Code"), and it is not certain that SS&C will make an offer.
This announcement is not intended and does not constitute a purchase offer or an invitation to subscribe or sell, or an invitation to purchase or subscribe for any securities or any invitation to vote in any jurisdiction.
According to Article 26.1 of the Code, a copy of this announcement will be posted on SS&C's website http://investor.ssctech.com/Possible-Offer-for-Blue Prism. The content of this website is not included in this announcement, nor does it form part of this announcement.
Important information under the code
For the purposes of Article 2.5 of the Code, SS&C reserves the right to: (a) Reduce the amount of any dividends or other distributions or capital returns paid or to be paid by Blue Prism on a one-pound basis after the date of this announcement, (b) Change the above-mentioned form of consideration and/or introduce other forms of consideration, and (c) make an offer at a price of less than 1,200 pence per Blue Prism share at any time (i) the approval or recommendation of the Blue Prism board of directors, (ii) if The third party announces its firm intention to make an offer to Blue Prism in accordance with Article 2.7 of the Code at a price of less than 1,200 pence per Blue Prism share on the date of the offer, or (iii) declares a wash deal in Blue Prism in accordance with the Code Later.
On a fully diluted basis, Blue Prism’s total issued and to-be-issued common stock capital is valued at approximately £1.2 billion (using Bloomberg’s exchange rate of 0.745 USD to GBP at the close of business on November 16, 2021) as The treasury stock method is used to calculate the Blue Prism shares that may be issued on or after the date of this announcement. The shares exercise options or grant awards in accordance with Blue Prism's share plan.
About SS&C Technology
SS&C is a global provider of services and software for the financial services and healthcare industries. SS&C was founded in 1986 and is headquartered in Windsor, Connecticut, with offices around the world. Approximately 18,000 financial services and healthcare organizations, from the world's largest companies to small and medium-sized market companies, rely on SS&C's expertise, scale and technology.
For more information about SS&C (NASDAQ: SSNC), please visit www.ssctech.com. Follow SS&C on Twitter, Linkedin and Facebook.
View original content and download multimedia: https://www.prnewswire.com/news-releases/ssc-makes-preliminary-approach-to-acquire-blue-prism-group-plc-301426819.html
The super investor said that the market will experience a historic decline. It's time to listen.
After Friday’s sell-off, futures rose and news of omicron Covid variants became the focus. Tesla's competitor Li Auto is preparing. This is how to do it.
On Black Friday, the rapidly spreading coronavirus infection disrupted the market and raised concerns about the economy and Wall Street performance next week.
In recent years, the technology that supports virtual reality (VR) experiences has improved significantly. This technology is powering real-world applications, such as virtual tours of buildings and products still on the drawing board, or collaboration with colleagues in virtual meeting rooms. By changing its name to Meta Platforms (Nasdaq: FB), Facebook shines in this new "meta festival", but this is not the only way to play this trend as an investor.
The wealthiest dynasties witnessed many bitter battles for power and inheritance.
This prediction is actually not as crazy as the prediction she made for Tesla-and it has come true.
The company's artificial intelligence platform called Watson is in danger! "First of all, I welcome our new computer overlord," Jennings, who won 74 Jeopardy! This gimmick made Watson a household name and raised expectations about the social and financial impact of IBM's artificial intelligence business.
Nvidia warned for the first time that if regulators insisted on blocking the transaction, it could lose the US$1.25 billion (£950 million) down payment of British microchip designer Arm.
Although the growth of these stocks has been impressive, they may still provide amazing returns in the next decade.
Despite its poor performance in 2021, the telemedicine platform Teladoc Health (NYSE: TDOC) is a holding company that I fully hope to bring 10 times (or higher) returns when I am ready to retire. Although some people would think that Teladoc was lucky to be in the right place at the right time when the pandemic struck, I don't think they looked at the big picture. For example, in the six years before the pandemic, Teladoc's average annual sales increased by 74%.
This is another cold and cruel fact that many proponents of low-priced stocks have not told you: Many low-priced stocks have been in low positions for a long time.
Generation Investment Management, chaired by former vice president Al Gore (Al Gore), doubled its holdings of Intel shares in the third quarter and bought more Alibaba shares. It also halved its position in Texas Instruments (TI).
US stock index futures led the market's rally on Monday as investors are preparing to wait a few weeks to see if the Omicron coronavirus variant will really undermine the economic recovery and some central bank austerity plans. Although Omicron is already far away in Canada and Australia, a South African doctor who has treated the case said that so far, the symptoms of the virus are still mild. "The news about Omicron does emphasize the need for the central bank and the government to take a cautious approach to cancel economic support and stimulus measures."
Bank of America Corporation (NYSE: BAC) will conduct ex-interest trading within the next 4 days. Usually, ex-dividend...
The two companies have strong franchise rights and are seizing the trend of sustainable development to develop their businesses.
Due to concerns about the worrisome new COVID-19 virus's impact on the global economy, there was a sharp sell-off on Friday, and US stock index futures rose late on Sunday.
It is easy to buy stocks, but it is very difficult to buy the right stocks without a time-tested strategy. So what is the best stock to buy or put on the watch list now?
These companies are not as famous as Meta Platforms and Nvidia. But they may be key players in the meta-universe.
Wall Street analysts set stock price targets and provide detailed insights about the company. After the recent occurrence of Crowdstrike (NASDAQ: CRWD), Morgan Stanley began to reduce its holdings, causing its stock price to fall by more than 10%. Crowdstrike provides cloud-native endpoint security software.
Although the panic's resurgence is not good for the market, these two stocks have proven to be winners during periods of uncertainty.