Misys confirms takeover approach

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Misys confirms takeover approach

By Scott Thompson

21/06/2011

Shares in Misys rose almost 10 per cent in morning trading on Tuesday after the company confirmed a preliminary takeover approach.

In a statement, the supplier of IT solutions for the financial services sector said: "The board of Misys plc notes the recent speculation regarding a possible offer and confirms that it has received a preliminary approach that may or may not lead to an offer being made for the company."

Misys has been the subject of takeover rumours for some time. Potential bidders include Sungard and Fiserv. IBM has also been touted as well as Sage.

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