4 August 2011
Misys plc ("Misys")
Update on Approach by FIS
We note the announcement made by Fidelity National Information Services Inc
Prior to the announcement made by Misys plc on 21 June 2011, the Board of Misys
("the Board") received an approach from FIS with a non-binding indicative
proposal to acquire the entire outstanding share capital of Misys for cash.
As a result, the Board authorized discussions to take place between the two
companies' management teams.
At the end of last week, the Board received a revised non-binding offer from
FIS. The Board believes this offer from FIS materially undervalues the company
and therefore unanimously decided to reject it and took the decision to
withdraw from further discussions with FIS.
Last week, Misys announced strong financial results. The Board has confidence
in the future opportunities for Misys to continue its path to leadership and is
confident that the company's strategy will enable it to create substantial
value for its shareholders, customers and employees.
Analyst / investor inquiries Media inquiries
Phil Branston Nicola Hamilton
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