Misys' value leaps as takeover talks confirmed
The value of shares at software supplier Misys have soared after the company confirmed it had been subject to a takeover approach.
The company, which has operations in Worcester, was valued at more than £1.4bn after the statement was released.
Misys, which employs 4,000 people worldwide, did not name the potential buyer. In a statement, the company said it "confirms that it has received a preliminary approach that may or may not lead to an offer being made for the company".
Shares in the company leaped to their highest in a decade yesterday of 420p.
Misys specialises in supplying software to some of the UK's biggest banks. The company performs its UK operations from sites in Worcester and London.
Last year, Misys sold its US healthcare business, Allscripts, for $1.3bn. Earlier this year, the company acquired rival Sophis for £375m. At the time, Misys said the buy was completed to bolster its treasury and capital markets business.
