More NewsSungard To Acquire Guardian iT; Expand Availability Services

Sungard To Acquire Guardian iT; Expand Availability Services

SunGard, the integrated IT solutions provider, has launched an offer to acquire the shares of Guardian iT plc for 80 pence per share. The transaction values Guardian at approximately GBP 168 million ($240 million), inclusive of bank debt and finance lease obligations. The offer is subject to certain conditions, principally acceptance of the offer by Guardian’s shareholders and anti-competition clearance in the UK. Closing is expected to take place within 90 days. Guardian is expected to merge with SunGard Availability Services, which has approximately 8,000 information availability and business continuity clients.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

3w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

5m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

5m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha