Citi today completed its previously announced acquisition of The Bisys Group, Inc. for approximately $1.44 billion in an all-cash transaction. In the transaction Bisys shareholders will receive merger consideration of $11.85 per share, and a special dividend of $0.15 per share in cash.
Bisys (NYSE: BSG), a leading provider of outsourcing solutions for the financial services sector, today released the following comment on the recommendations of two independent proxy advisors.
Bisys Retirement Services, the nation's largest independent administrator and recordkeeper for small- and mid-sized retirement plans, and Pentegra Retirement Services, a leading full-service provider of defined contribution and defined benefit plan services, today announced that they will begin offering the Bisys LinkInsight product to financial advisor channels.
Bisys Retirement Services, a division of The BISYS Group and the nation's largest independent administrator and recordkeeper for small- and mid-sized retirement plans, announced today that The Bisys Group has completed the acquisition of Frontier Trust Company from AXA Financial, Inc.
Bisys Alternative Investment Services, a leading global provider of administrative, accounting and tax services for the private equity, hedge fund and fund-of-fund industries, today announced that Michael Li, director, has joined its Hong Kong office.
New York financial BPO outfit Bisys has agreed to pay around $25 million to settle claims of improper accounting practices and financial reporting violations.
Citi has signed an agreement to acquire Bisys Group, New York-based provider of back office services to financial institutions, in an all-cash deal worth around $1.45 billion.
Bisys Alternative Investment Services today announced it has named Carsten Jerrild the director of business development for its alternative investment services business.
Bisys Alternative Investment Services today announced that Richard Tempany, vice president of relationship management, has joined the growing business and product development team in the London office.
Bisys Commercial Insurance Services, a leading provider of commercial property and casualty insurance solutions, today announced its acquisition of Truckwriters, an Atlanta based managing general agency owned by and writing business with Zurich Programs, a business unit of Zurich North America Commercial.
© Finextra Research 2013