23 January 2018
visit http://response.ncr.com

Sherwood stays firm on Sungard bid rumours

07 July 2003  |  3897 views  |  0 Sherwood stays firm on Sungard bid rumours

Shares in Sherwood International continue to trade at a year high of 133 pence amid persistent rumours that highly acquisitive financial systems house Sungard is preparing to table a 140 pence per share bid for the UK life and pensions software provider.

According to a report in today's FT, Sungard could make a move as early as next week. A 140p per share offer values Sherwood at £61.5m.

The FT report firms up market speculation going back several weeks that Sungard is eyeing the firm.

The board of Sherwood put the company in play in April when it authorised chief executive Mike Shinya and finance director Mark Williams to explore financing for a possible management buy-out. At the time, the company confirmed that it had already received an outline proposal with a possible offer price of 105 - 110 pence per Sherwood share.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

SunGard Trading and Risk to move to new technology framework

SunGard Trading and Risk to move to new technology framework

11 June 2003  |  5088 views  |  0 comments
SunGard acquires Reech Capital

SunGard acquires Reech Capital

02 June 2003  |  10389 views  |  0 comments
SunGard acquires London Pacific Group subsidiaries

SunGard acquires London Pacific Group subsidiaries

14 May 2003  |  3471 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.comvisit www.niceactimize.com

Top topics

Most viewed Most shared
Banks shift priorities toward growth, digitisation and innovation - surveyBanks shift priorities toward growth, digi...
9322 views comments | 37 tweets | 48 linkedin
Standard Chartered establishes fintech innovation and investment unitStandard Chartered establishes fintech inn...
9176 views comments | 14 tweets | 14 linkedin
BofA leads on blockchain patentsBofA leads on blockchain patents
8955 views comments | 12 tweets | 12 linkedin
Sbanken opens developer portal and invites customers to build their own digital bankSbanken opens developer portal and invites...
8279 views comments | 17 tweets | 11 linkedin
Metro Bank joins digital revolution with instant online account openingMetro Bank joins digital revolution with i...
6912 views comments | 13 tweets | 25 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job