TPG bids to GlobeOp shareholders [...]
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[February 16, 2012]

TPG bids to GlobeOp shareholders [...]

(City A.M. (UK) Via Acquire Media NewsEdge) TPG bids to GlobeOp shareholders TPG Capital yesterday issued an official offer document to GlobeOp's shareholders, detailing terms and conditions of its £508m bid to buy the financial services company as well as laying out acceptance procedures. Financial software provider SS&C, which last week announced it was considering options to bid for GlobeOp, responded with a statement reiterating its continuing performance of due diligence on the takeover target and ongoing discussions with banks regarding a cash offer. A meeting has been called for 19 March, when resolutions to the offer document will be considered.


(c) 2012 City A.M.

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