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Fidessa rides on bidding war

Fidessa rides on bidding war

For Swiss banking software specialist Temenos (SW:TEMN), it was almost in the bag. Fidessa (FDSA) had accepted its £1.4bn takeover offer on 21 February, and the board of the UK financial data company planned to recommend the transaction to shareholders for their approval on 5 April. That is until two rival bidders came forward at the 11th hour.

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