SSNC - SS&C Technologies raises offer to acquire Mainstream implying an enterprise value of $306M

SS&C Technologies (SSNC) has amended the Scheme Implementation Deed with Mainstream to provide for acquisition by SS&C of 100% of the shares and outstanding equity rights in Mainstream for A$2.66/share vs. A$2.56/share prior.Previously (May 6): SS&C Technologies raises offer to acquire Mainstream implying enterprise value of $290MTerms of the proposed acquisition indicate an enterprise value for Mainstream of ~A$392 million or ~$306 million (including transaction costs and net debt).The purchase is expected to close in Q3'21.Citi is advising SS&C as a financial adviser and Gilbert + Tobin as a legal adviser.

For further details see:

SS&C Technologies raises offer to acquire Mainstream, implying an enterprise value of $306M