September 18, 2020

Cayman Islands Monetary Authority approves acquisition of GO.L


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( – SS&C Technologies Holdings Europe S.à r.l, an indirect wholly owned subsidiary of SS&C Technologies Holdings, Inc. (SSNC), said it has now received formal approval from the Cayman Islands Monetary Authority of the acquisition of GlobeOp’s (GO.L) GlobeOp Financial Services (Cayman) Ltd. by SS&C Technologies Holdings Europe and any relevant affiliate of SS&C Technologies Holdings Europe.

Accordingly, SS&C Technologies Holdings Europe announced that all of the Conditions to the Offer have now been satisfied or waived and the Offer is declared wholly unconditional.

The Offer, which remains subject to the remaining terms set out in the Offer Document, remains open until further notice and at least 14 days’ notice will be given of the closing of the Offer.

On March 14, the board of SS&C Technologies Holdings Europe and the independent directors of GlobeOp had announced that they had agreed on the terms of a recommended cash offer to be made by SS&C Technologies Holdings Europe to acquire the entire issued and to be issued share capital of GlobeOp.

On May 15, SS&C Technologies Holdings Europe announced that, as at 1.00 p.m. (London time) on May 14, it had received valid acceptances representing approximately 76.8 per cent. of the existing issued share capital of GlobeOp, the Acceptance Condition had been satisfied and the Offer had become unconditional as to acceptances.

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