U.K. regulator, the Competition and Markets Authority (CMA), published on August 25 its Final Undertakings report on FNZ’s acquisition of GBST, and it spells out the next steps for the FNZ-GBST breakup. The CMA wants this breakup because it has concluded that a combined FNZ-GBST would diminish competition in the retail investment platform solutions space…. Read More >>
FNZ Told for a Second Time to Undo GBST Acquisition
FNZ may have to undo its acquisition of GBST because a regulator in the U.K. — the Competition and Markets Authority (CMA) — has again determined that the union of FNZ and GBST would “substantially lessen competition” and is reviewing “different remedy options to address these concerns,” CMA officials say. GBST provides the Syn~ suite… Read More >>
U.K. Regulator Orders FNZ to Undo GBST Acquisition
A U.K. regulator is ordering wealth management vendor FNZ to undo its controversial takeover of GBST and sell the back-office technology vendor because, the regulator argues, the merger could lead to a “reduction in the quality of service and higher prices” for retail investment platforms. The acquisition was completed before the U.K. Competition and Markets… Read More >>
FNZ Bid to Review GBST-SS&C Actions Rejected
The bidding war between SS&C Technologies and FNZ Group for GBST Holdings Ltd. has taken a dramatic turn as an authority of the Australian government, the Takeovers Panel, rejected FNZ’s formal request to have the panel investigate GBST’s decision to move ahead with SS&C. Based in Melbourne, the Takeovers Panel is a peer review body… Read More >>
