19 February 2018
Visit www.avoka.com

SunGard completes GL Trade tender offer

26 November 2008  |  2733 views  |  0 Source: SunGard

SunGard today announced the successful completion of the tender offer by its wholly owned subsidiary SunGard Investment Ventures LLC for the outstanding shares of GL Trade, a global financial software solutions company.

Through Financiere Montmartre, SunGard now indirectly owns 9,734,093 shares of GL TRADE, representing 99.23% of the share capital and voting rights of the company.

As previously announced, SunGard will request the mandatory squeeze-out ("retrait obligatoire") and delisting of GL TRADE's shares from Euronext Paris.

Harold Finders, division chief executive officer of SunGard's Financial Systems business, said: "We are very pleased with the successful completion of this transaction. We are now able to fully integrate GL TRADE's activities with those of SunGard and we look forward to offering an enhanced set of products and services to our combined network of customers."

 

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.nextgenbanking.co.ukVisit https://www.capgemini.comVisit http://info.nice.com

Top topics

Most viewed Most shared
Saudi central bank provides sandbox for banks to try out Ripple techSaudi central bank provides sandbox for ba...
11278 views comments | 16 tweets | 12 linkedin
ABN Amro moves escrow accounts to the blockchainABN Amro moves escrow accounts to the bloc...
8839 views comments | 15 tweets | 13 linkedin
ECB launches staunch defence of cashECB launches staunch defence of cash
8729 views 10 comments | 22 tweets | 26 linkedin
Aussie real-time payments platform goes liveAussie real-time payments platform goes li...
8706 views comments | 15 tweets | 43 linkedin

Featured job

Competitive base + commission (double OTE)
London, UK

Find your next job