Financial software vendor Bravura Solutions raises offer to buy fintech service provider GBST
ASX-listed financial software vendor Bravura Solutions has raised acquisition offer for GBST, a Sydney-based IT service management provider.
Bravura is now offering to buy all of GBST shares for $2.72 per share for a total of $187 million, up from the initial offer of $2.50 per share, or $172 million in April.
Bravura, which provides superannuation, wealth management and life insurance software, said the offer “represents an attractive opportunity” for GBST shareholders.
In its original proposal, Bravura said the deal would help GBST avoid the uncertainty and costs associated with the significant investment to renew its software platforms.
To read more, please click on the link below…
