SS&C ponders GlopeOp bid

SS&C ponders GlopeOp bid

Connecticut-based fintech vendor SS&C Technologies says it is considering a move to buy GlopeOp Financial Services, despite the latter striking a £508 million deal with TPG Capital last week.

On Wednesday hedge fund services provider GlobeOp revealed that it would recommend TPG's 435 pence a share cash offer to its shareholders.

However, SS&C says that it has been carrying out due diligence on GlobeOp since 14 January and "continues to consider its options in respect of GlobeOp, including a possible cash offer for the Company and urges GlobeOp shareholders to take no action at this time".

Shares in GlobeOp were up 5.31%, or 22.88 pence, to 453.88 pence per share in trading today.

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