Mystery Misys bidder named as FIS Global
US banking technology group FIS Global has been named as the mystery bidder for software firm Misys.
FIS, an S&P 500 component, has lined up BofA Merrill Lynch and Deutsche Bank to advise on its advances for the FTSE 250-listed firm.
Misys revealed takeover talks earlier in the week following reports of a bid, but has so far refused to name the company expressing an interest even to the Takeover Panel, which listed the suitor as “no named offeror” yesterday afternoon. Misys is thought to have taken on Barclays Capital and JP Morgan to advise.
Talks between the firms could produce an offer within a month, the Financial Times reports today. Misys and FIS Global did not return calls for comment last night.