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TPG bids to GlobeOp shareholders
TPG Capital yesterday issued an official offer document to GlobeOp’s shareholders, detailing terms and conditions of its £508m bid to buy the financial services company as well as laying out acceptance procedures. Financial software provider SS&C, which last week announced it was considering options to bid for GlobeOp, responded with a statement reiterating its continuing performance of due diligence on the takeover target and ongoing discussions with banks regarding a cash offer. A meeting has been called for 19 March, when resolutions to the offer document will be considered.