Kevin Lomax, who has stepped down as chief executive of Misys, could still be a potential bidder for the group, says the Daily Telegraph .
Misys announced Lomax's departure as it warned annual earnings would fall this year. Misys ended the takeover process on Friday after it became clear no offer was forthcoming from Lomax's backers, Permira and General Atlantic. But insiders suggest yesterday's share price fall could encourage venture capitalists to return and Lomax would be willing to team up with them, reports the paper. An associate of Lomax said: "He's still got 7.4m shares so he is as interested as anyone else in creating shareholder value." THE CITY watchdog yesterday threatened to force insurance brokers to ...
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