Bravura increases acquisition bid for fintech service provider GBST

ASX-listed financial software vendor Bravura Solutions has further raised its bid to acquire IT service management provider GBST.

The company is now offering $3 per share, or just over $200 million, up from last week’s price tag of $2.72 per share, or $187 million.

This is the second time Bravura has increased its bid, initially offering $2.50 per share in April this year.

GBST confirmed it was approached by a number of other parties looking to outbid Bravura, but did not reveal their names.

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Source: Bravura increases acquisition bid for fintech service provider GBST – Software – CRN Australia