Fundtech Confirms Preliminary Discussions for Merger and/or Acquisition

Fundtech, in response to recent news articles, has confirmed that it is in preliminary discussions regarding potential transactions. The company is regularly involved in discussions with parties regarding potential transactions, including potential acquisitions and other business combination transactions, and is having discussions of this kind at this time.

One of the transactions currently being discussed is a merger transaction with a company based in the US. In addition, the company was recently approached by a multinational corporation to express its interest in entering into a transaction to acquire the company. No agreement has been reached regarding a transaction and there can be no assurances that any transaction will result from the current preliminary discussions, or whether any such transaction would be structured as a cash or stock acquisition.

If these discussions result in an agreement regarding a transaction, there can be no assurances that any transaction will be completed. The company does not intend to make any additional comments regarding this matter unless and until a formal agreement has been reached or it is otherwise required to make an announcement.


Related reading

New consumer banking head for Citi Asia Pacific