Blue Prism gets regulatory clearance for acquisition by SS&C
Summary
Software company Blue Prism announced on Monday that all regulatory and antitrust conditions for its acquisition by SS&C Technologies had now been met, after the Business Secretary confirmed that no further action would be taken under the National Security and Investment Act. The AIM-traded firm’s board had reached agreement with the directors of SS&C on the terms of a recommended cash acquisition on 1 December. Shareholders approved the acquisition at court and general meetings earlier in 2022, as the company announced on 13 January. “Following receipt of confirmation from the Secretary of State that no further action will be taken … Blue Prism is pleased to confirm that [the relevant] condition has been satisfied, and that as a result, all conditions relating to mandatory regulatory and antitrust clearances have now been satisfied,” the company’s board said in its statement. Completion of the acquisition remained subject to the satisfaction or waiver of the remaining conditions, including the courts sanction of the scheme and the delivery of a copy of the court order to the Registrar of Companies.
Classifications
AskAI Classifications
LabelsLinked Companies
