Former coupon builder DH Corp to be acquired for $4.8 billion
DH Corp. has sealed a understanding to be acquired by a Texas-based investment organisation underneath a accessible takeover offer value some-more than $2.7 billion to a Toronto-based company’s shareholders.
Under a devise announced this morning, Austin-based Vista Equity Partners has offering $25.50 in money per DH share. It would also assume DH’s debt — pulling a sum value of a understanding to $4.8 billion.
After a understanding closes, Vista wants to combine DH with Misys, a U.K.-based program association focused on a tellurian banking industry.
Earlier in a history, DHÂ primarily printed cheques for all of Canada’s vital banks underneath a name Davis + Henderson, though has given developed into a some-more different association focused on a financial services industry.
DH pronounced in Dec that it had perceived expressions of seductiveness from unclear parties.
Shares in a association sealed during $23.04 on a Toronto Stock Exchange on Friday.
Article source: http://www.cbc.ca/news/business/tsx-listed-dh-corp-to-be-take-private-for-4-8-billion-1.4022308?cmp=rss