Windsor’s SS&C Technologies Holdings said Tuesday that it doesn’t plan to make an official offer for a London-based financial software and services provider.
Fidessa disclosed on April 5 that SS&C was one of two companies that had approached it in the hopes of counterbidding against a Swiss company, Temenos, that had reached a deal in February to acquire Fidessa.
Fidessa disclosed that SS&C’s potential offer of approximately $53.50 per share would have represented a 5 percent premium to Temenos’ offer, which was worth just shy of $2 billion.
But Fidessa announced on April 20 that it had agreed to be acquired by another suitor, ION Investment Group, for $2.1 billion. Â
A British regulatory body known as the U.K. Takeover Panel had given SS&C a May 4 deadline to state whether it intended to make an offer for Fidessa, Reuters reported.
