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 market share price has dropped from A$6.60 to A$2.96 as of Friday 28 June 2019. These arrangements remain subject to certain customary fiduciary expectations for GBST, the potential buyer said, and no assurance could be given to the transaction being consummated, nor the terms of any transaction. Canada Life to pay GBST £27m for back office 'transformation' GBST provides technol...
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