ADVFN - Advanced Financial Network.
HOME» NYSE » P » PSO Stock Price » PSO Stock News

Pearson Share News

 Pearson Stock Price
PSO Stock Price
 Pearson Stock Chart
PSO Stock Chart
 Pearson Stock News
PSO Stock News
 Pearson Company Information
PSO Company Information
 Pearson Stock Trades
PSO Stock Trades

Misys Confirms Rival Takeover Approach From Vista Equity Partners

By Marietta Cauchi Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- Misys PLC (MSY.LN) Monday confirmed it had received a rival approach from U.S. buyout firm Vista Equity Partners, just two weeks after the financial software company said it was in merger talks with Swiss peer Temenos Group AG (TEMN.EB). "Misys confirms that it has received an approach from Vista Equity Partners consisting of a non-binding indicative proposal to acquire the entire outstanding share capital of Misys for cash that may or may not lead to an offer being made," the company said. Misys was responding to a news report that Vista had offered GBP1.2 billion for the company, considerably less than the GBP1.4 billion reportedly offered by U.S. rival Fidelity National Financial Inc. (FNF) last summer, and arguably less attractive to the all-share offer from Temenos. Vista Equity Partners has until close of business March 19 to make a firm offer or walk away. Financial information businesses have been heavily targeted over the past year or so as buyout firms look to deploy large hordes of cash investing in cash-generative assets and trade buyers seek growth through scale. Just months ago, Vista Equity Partners won a hotly fought auction for Thomson Reuters Corp.'s (TRI) Kondor unit, while earlier in 2011, Silver Lake Partners and Warburg Pincus bought Interactive Data Corp. (IDC) from Pearson PLC (PSO) is a deal worth $3.4 billion. At 1312 GMT, Misys shares were up 28 pence, or 9%, at 337 pence, giving it a market value of GBP1.12 billion. - By Marietta Cauchi, Dow Jones Newswires; +44 207 842 9241; marietta.cauchi@dowjones.com

Stock News for Pearson (PSO)
DateTimeHeadline
02/28/201417:03:34ADR Shares End Mixed; Pearson Shares Active
02/28/201412:41:09LONDON MARKETS: FTSE Rises 4.6% On The Month; Pearson Slides
02/28/201409:54:38LONDON MARKETS: FTSE Trims Monthly Gain To 4.5% As Pearson Slides
02/28/201409:45:33EUROPE MARKETS: European Stocks Drop After Euro-zone Inflation...
02/28/201409:42:18EUROPE MARKETS: European Stocks Slip Ahead Of Inflation Data
01/27/201412:18:14LONDON MARKETS: BG Leads FTSE 100 To Five-week Low After Profit...
01/23/201412:50:01LONDON MARKETS: Pearson, Miners Lead FTSE 100 Lower
01/23/201412:13:24EUROPE MARKETS: Weaker China PMIs Spark European Stock Selloff
01/23/201407:54:05EUROPE MARKETS: European Stocks Drop With Earnings; China PMI...
01/23/201404:33:22EUROPE MARKETS: European Stocks Inch Higher After Upbeat PMIs
01/23/201403:50:06Pearson Flags Tough Trading
12/03/201304:20:10Pearson Unveils $720 Million Brazil Buy
12/03/201303:04:10Pearson Buys Brazil's Biggest English-Teaching Firm for GBP440...
11/29/201307:27:08Pearson Sells Mergermarket to BC Partners for GBP382 Million
10/30/201317:54:22ADR Shares End Mixed Following Fed Meeting
10/30/201313:21:26LONDON MARKETS: Barclays, Next Lift FTSE For Fifth Straight Day
10/30/201305:20:03Pearson Warns On Profit
10/30/201304:12:14Pearson Warns On Yearly Profit
10/18/201313:38:08Pearson Seeking Up To $500 Million for Mergermarket -Bloomberg
10/10/201317:10:20ADR Shares End Higher Amid Hints of a Debt-Ceiling Reprieve

Pearson and other New York Stock Exchange stock quotes are delayed by at least 20 minutes.
All other stock price data is delayed by at least 15 minutes unless otherwise stated.
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2007 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad