Former FD offers 'best deal' for Misys
Management team would offer ‘full value for investors’
Management team would offer ‘full value for investors’
Ross Graham, the former finance director of software group Misys, has written
to the company’s board saying he believes that his management team could offer
the best opportunity for it to maximise shareholder value.
Graham, along with former executives Mike O’Leary and John Sussens, claim
they can assist the board in meeting this objective ‘by providing an alternative
to any possible offers that are received for the company or its businesses and
that fall short of delivering fair value for shareholders’.
In a statement, the group said: ‘The proposal would involve the assumption by
the team of senior management control of Misys and the implementation of a
strategy designed to realise full value for existing shareholders within a two
year period.’
The team’s strategy would entail:
– operational separation of the Company’s three businesses to empower their
managements
– re-incentivisation of divisional management and employees
– cost reduction through de-centralising the management of the group
– demerger of the three businesses, once prepared for full separation, or
sale if offers are received that deliver appropriate value to shareholders
The numbers you crunch tell a story. Your expertis...
18yEmbracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...
View articleOrganisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...
View articleIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceDiscover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThis follows an investigation into undisclosed personal loans and issues with an acquisition. Despite challenges, the company aims to achieve £1bn in ...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleThere is optimism that the IPO market will rebound in the second half of 2024, driven by pent-up demand and potential improvements in economic conditi...
View articleThe ICAEW confirms new vice president, with senior heads appointed at KPMG and EY. Within the mid market, a flurry of end of year partner appointments...
View articleKPMG confirms reappointment of it's UK chair, while EY announces Janet Truncale as the next EY global chair and CEO Read More...
View articleThe ICAEW has announced the appointment of its forthcoming chief executive Read More...
View article