SS&C ups bid to £140m for platform tech provider GBST
'Amended exclusivity arrangements'
GBST provides technology to adviser platforms Alliance Trust Savings, AJ Bell and Novia, as well as to Aegon Retirement Choices and the Aegon Platform (formerly Cofunds).
SS&C Technologies, which acquired DST Systems in 2018, has upped its bid to £140m for adviser platform technology provider GBST.
SS&C said its offer of A$250m (£140m) was at a share price of A$3.60 per share and had seen it enter into "amended exclusivity arrangements" with GBST. Since its peak in April 2015, the Australian company's...
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