February 14, 2017 / 4:52 PM / 5 months ago

BRIEF-Temenos announces proposal to acquire Rubik

1 Min Read

Feb 14 (Reuters) - Temenos Group AG:

* Confirms that it has entered into a binding scheme implementation deed to acquire Rubik Financial Limited ('Rubik')

* Temenos will acquire 100% of the issued capital of Rubik for a cash consideration of a $0.1667 per share,

* The board of directors of Rubik has unanimously recommended that its shareholders vote in favour of the scheme,

* The scheme consideration will be funded by Temenos’ existing cash and debt facilities Source text - bit.ly/2lfVHmq

Further company coverage: (Gdynia Newsroom)

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