LONDON (dpa-AFX) - Misys Plc (MSY.L, MUSJF.PK) announced termination of merger discussions with Temenos Group AG (TMNSF.PK).
Misys confirmed that talks between the company and Temenos regarding a possible all share merger of the two groups have ceased. Despite extensive discussions, the parties were unable to agree final terms of a transaction, the company noted.
Misys stated that it continues to be in discussions with Vista Equity Partners as set out in the announcement dated February 20, 2012 and CVC Capital Partners Ltd. And ValueAct Capital as set out in the announcement dated March 5, 2012 in both cases regarding a possible cash offer for the company. The company added that there can be no certainty that any offer will ultimately be made nor as to its terms.
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