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SS&C Technologies and FNZ heat up GBST bidding war

Yolanda Redrup
Yolanda RedrupRich List Editor
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The competition for ASX-listed financial services, broking and wealth management software company GBST is heating up, with a bidding war emerging between private equity-backed global fintech FNZ and Nasdaq-listed firm SS&C Technologies.

Just hours after GBST revealed SS&C Technologies had beaten out local company Bravura's $3-per-share non-binding proposal by putting forward a $3.25-per-share offer, Street Talk revealed FNZ had swooped in with a $3.50- per-share offer.

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Yolanda Redrup is the editor of the AFR Rich List. She previously reported on technology, healthcare and Street Talk. Connect with Yolanda on Twitter. Email Yolanda at yolanda.redrup@afr.com
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    Original URL: https://www.afr.com/technology/nasdaq-listed-ss-and-c-technologies-makes-play-for-gbst-20190701-p522w5