September 2024
Magellan-backed FinClear set to lose CommSec as client
CommSec is running a request-for-proposal to select a new vendor to replace FinClear’s iBROKER, a post-trade system for equities and derivatives.
- Sarah Thompson, Kanika Sood and Emma Rapaport
November 2019
What if a CEO were wrongly accused of insider trading?
When a CEO dumps $11.5m in shares weeks before a profit slump, suspicion flares. But the self-appointed judges were wrong, a court has ruled.
- Liam Walsh
September 2019
FNZ gets Grant Thornton backing for GBST bid
It's been a quiet few weeks at GBST on the takeover front, however the company finally has some news for shareholders.
- Sarah Thompson and Anthony Macdonald
July 2019
FNZ's exploding offers land agreed deal at GBST - for now, at least
Some heavy handed tactics and a big bag of cash have finally hurdled FNZ into pole position at takeover target GBST.
- Sarah Thompson and Anthony Macdonald
Takeover bid for GBST begins to ratchet down
FinTech FNZ Group has started ratcheting down its bidding price for the Australian GBST Holdings after it failed to wave through a $4 per share takeover.
- Lucas Baird
GBST auction hits $4 a share, board set to meet
FNZ has offered $4 a share for financial services technology company GBST on a binding basis and without due diligence.
- Sarah Thompson and Anthony Macdonald
GBST gets its binding offer - but not from SS&C
There's another twist in the takeover battle for ASX-listed financial services tech company GBST.
- Sarah Thompson and Anthony Macdonald
Lots to think about at GBST as SS&C exclusivity nears end
It's a big week for in-play GBST Holdings.
- Sarah Thompson and Anthony Macdonald
Bravura bunker mulls one more roll of the dice
If there's one thing missing from the GBST Holdings bidding war in the past fornight, it's Bravura Solutions.
- Sarah Thompson and Anthony Macdonald
FNZ applies to Takeovers Panel to block SS&C in GBST bidding war
GBST says shareholders have nothing to gain from any more back and forth of non-binding conditional proposals from suitors as SS&C firms as the likely winner.
- Yolanda Redrup
FNZ asks Takeovers Panel to stop GBST sale
UK-based FNZ has asked the Takeovers Panel to put an end to GBST Holdings' exclusive talks with a rival bidder.
- Sarah Thompson and Anthony Macdonald
GBST waits on SS&C before addressing FNZ
GBST was keeping its phone lines clear on Sunday night, waiting on a call from American suitor SS&C Technologies.
- Sarah Thompson and Anthony Macdonald
FNZ ups ante in GBST battle, offers $3.65 a share
GBST Holdings' board has something important to think about over the weekend.
- Sarah Thompson and Anthony Macdonald
GBST hires fresh set of lawyers mid bidding war
There are some changes in the GBST Holdings camp as the financial services tech company waits on its American suitor.
- Sarah Thompson and Anthony Macdonald
GBST investors eye cash rewards as board mulls interloper
In times of hot pursuit and M&A bidding wars, it's worth remembering the golden rule of takeovers: cash is king.
- Sarah Thompson and Anthony Macdonald
FNZ storms into GBST auction with big bid
Private equity-backed global fintech FNZ is the new front marker in the race for Australia's GBST.
- Sarah Thompson and Anthony Macdonald
SS&C Technologies and FNZ heat up GBST bidding war
GBST has granted due diligence following the $3.25 non-binding proposal while Bravura has left the door open to make another bid for the software company.
- Yolanda Redrup
- Opinion
- Chanticleer
Tech sector's shaky start to financial 2020
Two profit downgrades and competing takeover offers in the tech sector have brought home the wonderful opportunities presented by M&A activity.
- Tony Boyd
June 2019
Bye, bye Bravura; GBST board set to back new bid
An offshore-based acquirer has won GBST Holdings' heart with a takeover bid worth more than $3 a share.
- Sarah Thompson and Anthony Macdonald
GBST asks Bravura to pay 'exclusivity deposit fee' to access data room
Bravura has upped its non-binding proposal to acquire GBST for $3 per share, but GBST wants it to pay an unusual fee before opening up its books.
- Yolanda Redrup