Potential Misys sale moves to next stage

A stock market issued this afternoon confirms Misys has been in talks with several parties about a potential takeover or management buyout of “the whole of the Company as well as for parts”, and is now moving to due diligence. Earlier media reports (see papers round-up Monday 17th July: Potential battle in Misys takeover) had suggested Misys, the parent group behind financial intermediary support service Sesame, had received bids for a “management buy-in” as well as a management buyout by chief executive Kevin Lomax and his team, with the backing of private equity giant Permina. Officials...