Financial Models Company (FMC)

15 results about this entity

Period: 09 Nov 2004 - 10 May 2005

SS&C's Boulanger takes over the reins at FMC

SS&C president and COO Normand Boulanger has been put in charge of recently acquired Canadian investment technology firm Financial Models Company, succeeding former president and CEO Stamos Katotakis.

FMC clears network access to Swift

Financial Models Company is to provide a two-way communications link between the FMCNet post-trade securities utility and the international Swift messaging network

Takeover costs push FMC into the red

Canadian investment technology outfit Financial Models Company is reporting a net loss for the year of C$4.2 million after accouning for corporate transaction costs of $10.6 million related to its takeover by SS&C Technologies.

FMC unites behind US$160 million SS&C offer

The board of Financial Models Company has terminated an acquisition agreement with Linedata Services in favour of a more lucrative US$160 million bid from SS&C Technologies.

SS&C enters FMC bidding war

SS&C Technologies, a US provider of investment management software, has waded into the battle for control of Canada's Financial Models Company (FMC) with a takeover bid that exceeds a competing offer from France's Linedata Services.

Court rules in favour of C$166 million Linedata bid for FMC

French financial IT firm Linedata Services is claiming victory in the battle to take over Canadian investment technology house Financial Models Company after an Ontario court ruled in favour of its offer.

Round one to Katotakis as Ontario Securities Commission dismisses FMC appeal

The Ontario Securities Commission has dismissed an appeal by Financial Models Company to overturn a pre-existing shareholder's agreement that favours FMC president and CEO Stamos Katotakis as he competes with French financial IT firm Linedata to assume control of the Canadian investment technology house.

Linedata raises stakes in bid for Financial Models

French financial IT firm Linedata Services has raised its bid for Canadian investment technology house Financial Models Company to C$166 million and is calling on the law courts to block a rival offer from FMC president and chief executive Stamos Katotakis.

FMC future in limbo pending Linedata litigation

The board of Financial Models Company has shied away from making a recommendation for competing bids for the company pending the outcome of expected litigation by French financial IT firm Linedata which is challenging the legitimacy of a rival offer from FMC president and CEO Stamos Katotakis.

Financial Models counting the cost of takeover battle

The battle for control of Canada's Financial Model Company is set to hit revenues and income in the fourth quarter, the TSX-listed firm has warned.

Linedata maintains offer for FMC in face of management counter-bid

French financial IT firm Linedata says it will maintain its offer to acquire Canadian investment technology house Financial Models Company (FMC) in the face of a competing bid from FMC chief executive officer and co-founder Stamos Katotakis.

Linedata bids for Financial Models Company

The battle for control of Canadian investment management technology house Financial Models Company is heating up, with French financial IT firm Linedata Services waiting in the wings should FMC president and CEO Stamos Katotakis fail to generate the financing for his own takeover bid.