PresseKat - DGAP-News: Update Regarding Possible Offer for GlobeOp Financial Services S.A. ('GlobeOp'

(firmenpresse) - SS&C Technologies

08.03.2012 08:00
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THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN ANNOUNCEMENT OF A FIRM INTENTION TO
MAKE AN OFFER UNDER RULE 2.7 OF THE CITY CODE ON TAKEOVERS AND MERGERS (THE
'CODE'). THERE CAN BE NO CERTAINTY THAT ANY OFFER WILL BE MADE

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, IN, INTO OR
FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE
RELEVANT LAWS OF SUCH JURISDICTION.

WINDSOR, CT, March 8, 2012 (GLOBE NEWSWIRE) -- On 23 February, SS&C
Technologies Holdings, Inc. ('SS&C') made a proposal to the independent
directors of GlobeOp (the 'Independent Directors') regarding a possible cash
offer for the Company.

Following further discussions between SS&C and the Independent Directors, SS&C
made an improved proposal, under which GlobeOp shareholders would be entitled
to receive 485 pence in cash for each GlobeOp share.

The Independent Directors have indicated that, subject to the finalisation of
the terms and conditions of the offer, they would be willing to recommend an
offer made by SS&C at this level.

For the purposes of Rule 2.5(a) of the Code, SS&C reserves the right to make an
offer at any time at a value below 485 pence per share: (i) with the agreement
and recommendation of the Independent Directors; (ii) where the issued share
capital of GlobeOp is greater than 106,752,499 GlobeOp shares (save for any
increase arising as a result of the exercise or vesting of existing awards
under existing schemes, plans or equivalent), in which case there would be a
pro rata reduction in the offer price; or (iii) GlobeOp announces, declares or
pays a dividend or any other distribution to its shareholders, in which case
there would be an equivalent reduction in the offer price.

SS&C continues to conduct due diligence on GlobeOp and urges shareholders to
take no action in respect of the offer by GEO 3&Co. S.C.A.

There can be no certainty that an offer will be made by SS&C. A further
announcement will be made when appropriate.

Notes to Editors:

About SS&C

SS&C is a global provider of investment and financial software-enabled services
and software focused exclusively on the global financial services industry.
Founded in 1986, SS&C has its headquarters in Windsor, Connecticut and offices
around the world. More than 5,000 financial services organizations, from the
world's largest to local financial services organizations, manage and account
for their investments using SS&C's products and services. These clients in the
aggregate manage over US$16 trillion in assets.

Additional information about SS&C (Nasdaq:SSNC) is available at www.ssctech.com.

The SS&C Technologies logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8587

This announcement is not intended to, and does not, constitute or form part of
any offer, invitation or the solicitation of an offer to purchase, otherwise
acquire, subscribe for, sell or otherwise dispose of, any securities whether
pursuant to this announcement or otherwise.

The distribution of this announcement in jurisdictions outside the United
Kingdom, Luxembourg and the United States may be restricted by law and
therefore persons into whose possession this announcement comes should inform
themselves about, and observe, such restrictions. Any failure to comply with
the restrictions may constitute a violation of the securities law of any such
jurisdiction.

Deutsche Bank AG is authorised under German Banking Law (competent authority:
BaFin - Federal Financial Supervisory Authority) and authorised and subject to
limited regulation by the Financial Services Authority. Details about the
extent of Deutsche Bank AG's authorisation and regulation by the Financial
Services Authority are available on request. Deutsche Bank AG is acting as
financial adviser to SS&C and no one else in connection with the contents of
this announcement and will not be responsible to any person other than SS&C for
providing the protections afforded to clients of Deutsche Bank AG, nor for
providing advice in relation to any matters referred to in this announcement.

Disclosure requirements of the Code

Under Rule 8.3(a) of the Code, any person who is interested in 1% or more of
any class of relevant securities of an offeree company or of any paper offeror
(being any offeror other than an offeror in respect of which it has been
announced that its offer is, or is likely to be, solely in cash) must make an
Opening Position Disclosure following the commencement of the offer period and,
if later, following the announcement in which any paper offeror is first
identified. An Opening Position Disclosure must contain details of the person's
interests and short positions in, and rights to subscribe for, any relevant
securities of each of (i) the offeree company and (ii) any paper offeror(s). An
Opening Position Disclosure by a person to whom Rule 8.3(a) applies must be
made by no later than 3.30 pm (London time) on the 10th business day following
the commencement of the offer period and, if appropriate, by no later than 3.30
pm (London time) on the 10th business day following the announcement in which
any paper offeror is first identified. Relevant persons who deal in the
relevant securities of the offeree company or of a paper offeror prior to the
deadline for making an Opening Position Disclosure must instead make a Dealing
Disclosure.

Under Rule 8.3(b) of the Code, any person who is, or becomes, interested in 1%
or more of any class of relevant securities of the offeree company or of any
paper offeror must make a Dealing Disclosure if the person deals in any
relevant securities of the offeree company or of any paper offeror. A Dealing
Disclosure must contain details of the dealing concerned and of the person's
interests and short positions in, and rights to subscribe for, any relevant
securities of each of (i) the offeree company and (ii) any paper offeror, save
to the extent that these details have previously been disclosed under Rule 8. A
Dealing Disclosure by a person to whom Rule 8.3(b) applies must be made by no
later than 3.30 pm (London time) on the business day following the date of the
relevant dealing.

If two or more persons act together pursuant to an agreement or understanding,
whether formal or informal, to acquire or control an interest in relevant
securities of an offeree company or a paper offeror, they will be deemed to be
a single person for the purpose of Rule 8.3.

Opening Position Disclosures must also be made by the offeree company and by
any offeror and Dealing Disclosures must also be made by the offeree company,
by any offeror and by any persons acting in concert with any of them (see Rules
8.1, 8.2 and 8.4).

Details of the offeree and offeror companies in respect of whose relevant
securities Opening Position Disclosures and Dealing Disclosures must be made
can be found in the Disclosure Table on the Takeover Panel's website at
www.thetakeoverpanel.org.uk, including details of the number of relevant
securities in issue, when the offer period commenced and when any offeror was
first identified. You should contact the Panel's Market Surveillance Unit on
+44 (0)20 7638 0129 if you are in any doubt as to whether you are required to
make an Opening Position Disclosure or a Dealing Disclosure.

Publication on Website

A copy of this announcement will be made available at www.ssctech.com. The
content of the website referred to in this announcement is not incorporated
into and does not form part of this announcement.

CONTACT: PRESS ENQUIRIES:
Deutsche Bank
(financial adviser and corporate broker to SS&C):
+44 (0) 20 7545 8000
Omar Faruqui / James Ibbotson
James Agnew

RLM Finsbury + 44 (0) 20 7251 3801 (switchbd.)
Faeth Birch + 44 (0) 7768 943 171
Sarah Heald + 44 (0) 7771 982 101
News Source: NASDAQ OMX

08.03.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de

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Language: English
Company: SS&C Technologies

United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901258254
WKN:

End of Announcement DGAP News-Service

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