Last month, both the companies had initially agreed over a bid worth about US$2 billion, but Temenos is said to have dropped out citing its disagreement with the terms of the deal.
Misys said "Despite extensive discussions the parties were unable to agree final terms of a transaction."
Go deeper with GlobalData
Access deeper industry intelligence
Experience unmatched clarity with a single platform that combines unique data, AI, and human expertise.
Had the deal between Temenos and Misys been materialized, Misys shareholders would have had 53.9% of the combined company.
Currently, private equity groups Vista Equity Partners and CVC Capital Partners are planning a joint bid with Misys’s largest shareholder ValueAct Capital.
Value Act, that owns 21.5% stake of Misys, has so far not disclosed the terms of any possible offer.
According to UK Takeover Panel rules, CVC and ValueAct must be announcing a firm bid by 5pm on 2 April 2012 whereas Vista must do the same by 19th March 2012 or announce that it does not intend to make an offer.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalData
