BUSINESS LIVE: FTSE climbs; SS&C confirms £1.2bn Blue Prism deal; Investor demands Glencore sells coal; Facebook told to sell Giphy
The boards of Blue Prism and SS&C have agreed an acquisition deal, which will see US investment firm buy the software company for 1,275p per share, a total of around £1.24billion on a fully diluted basis.
It follows a bidding war, with the Warrington-based company having previously agreed to be acquired by American private equity firm Vista Equity Partners for 1,125p per share.
An activist hedge fund has demanded Glencore hive off its coal business to make it more attractive to eco-minded investors.
London-based Bluebell Capital Partners said Glencore’s plan to keep thermal coal in its portfolio until 2050 was ‘morally unacceptable and financially flawed’.
Facebook’s parent company Meta has been directed to sell GIF-sharing platform Giphy by a UK watchdog.
The Competition and Markets Authority said it was ‘protecting millions of social media users and promoting competition and innovation in digital advertising’.
Bluebell Capital Partners says Glencore’s plans to maintain thermal coal in its portfolio until 2050 is ‘morally unacceptable and financially flawed’
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