Windsor financial-software services vendor SS&C Technologies Corp. is giving remaining GlobeOp stockholders two more weeks to tender their securities.
SS&C said Monday it now holds at least 95 percent of GlobeOp’s outstanding shares and that there will be no more extensions to the offer deadline.
Those who fail to tender will be subject to “squeeze-out” provisions allowed under U.S. and British merger laws, SS&C said.
SS&C and GlobeOp, a London/New York hedge-fund administrator, announced their respective boards’ approval of the $818 million merger in March, but declared its terms unconditional on May 31.
