22 August 2017
Find out more

SunGard completes GL Trade tender offer

26 November 2008  |  2664 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)
download the paper nowvisit www.vasco.comvisit www.dorsum.eu

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
11818 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10221 views comments | 22 tweets | 31 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
9862 views 0 | 5 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9558 views comments | 10 tweets | 8 linkedin
Norwegian banks and startups form fintech clusterNorwegian banks and startups form fintech...
9546 views comments | 19 tweets | 23 linkedin