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Fly News Breaks for July 1, 2019
SSNC
Jul 1, 2019 | 08:59 EDT
JPMorgan analyst Jackson Ader thinks Australian-based fin-tech platform GBST would be a good strategic fit for SS&C Technologies. However, the analyst highlights that SS&C's bid has reportedly been topped by private equity-backed FNZ. Multiple interested parties could push the buyout price outside of SS&C management's acceptable range, Ader tells investors in a research note. He keeps an Overweight rating on the shares.
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