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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 Holdings.

The UK-based FNZ is understood to have made a $3.50 a share indicative offer, only hours after GBST unveiled a $3.25 a share bid from American company SS&C Technologies.

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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com

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Original URL: https://www.afr.com/street-talk/fnz-storms-into-gbst-auction-with-big-bid-20190701-p522x2