14 March, 2017
Under the plan announced this morning, Austin-based Vista Equity Partners has offered $25.50 in cash per DH share.
Evergreen's role in the DH Corp deal shows how Elliott, the $31 billion multi-strategy hedge fund, shareholder activist and distressed debt investor, is seeking to increase its role in private equity deal financing.
"After a comprehensive review of strategic alternatives, the Special Committee of Independent Directors and our Board have unanimously concluded that this agreement is in the best interests of the Company and our stakeholders", said DH Corp.'s chairman of the board Paul Damp in a statement.
Vista said on Monday it would buy DH for C$4.8bn and combine it with Misys, which abandoned plans to list on the London stock market in October 2016, blaming shaky market conditions.
Formerly Davis + Henderson Corp, DH has transformed itself from a check printing company into a provider of payment and lending services. It has more than 5,500 employees worldwide, with revenue of nearly C$1.7 billion in 2016.
Round prospect Sidney Jones injured at Washington Pro Day
He was helped to his feet by fellow defensive back Budda Baker and to the sideline by Washington head coach Chris Petersen . Unfortunately, it seems that most of the eyes may have been on teammate Sidney Jones .
Indian leader's party wins by landslide in key state elections
Modi will have to wait years until the BJP has earned the additional seats necessary to pass his stalled reform measures. The elections were held in five states in February and early March, but the votes were not tallied until Saturday.
'Final Fantasy VII Remake' Will Have Action Based Battles
If the latter, this again suggests that 7R will draw generously from XV's rapid-fire, always-on approach to combat. The idea that a remake of Final Fantasy VII would not fit into a single release was there from the very beginning.
It has since evolved into a more diverse company focused on the financial services industry.
DH shares rose to a high of $43.10 in July 2015. It is set to close in the third quarter. A report last week in The Financial Times said that Misys was exploring a potential IPO in NY.
"The combination of our two companies creates significant opportunity for our customers, our employees and our partners", said Nadeem Syed, CEO of Misys, in a statement.
After the deal closes, Vista wants to merge DH with Misys, a United Kingdom -based software company focused on the global banking industry.