Misys receives US takeover approach

Misys receives US takeover approach

BULLETIN: FIS Global confirms offer

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UK financial software firm Misys has received a takeover offer from FIS Global.

FIS Global, a US-based payment services firm, today confirmed the offer, which had been reported in the press.

"FIS notes the announcement made by Misys on 21 June 2011 and confirms that it has made a preliminary approach regarding a possible cash offer for Misys," it said.

Two days ago, Misys said it had received a bid approach, but did not disclose which company was involved.

Analysts have said a deal could value Misys at $1.5 billion (£938 million pounds), according to Reuters.

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