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Bulletin: SS&C Technologies Inc. Ratings Unaffected By Announced Interest In GlobeOp Financial Services Feb 12
Standard & Poors, Feb 2012
Abstract
SAN FRANCISCO (Standard & Poor's) Feb. 8, 2012-Standard & Poor's Ratings Services said today that Windsor, Conn-based SS&C Technology Inc.'s Feb. 5 announcement that it is considering a competing bid for U.K.-based GlobeOp Financial Services, a financial technology provider to the hedge fund industry, does not affect our view of the ratings or outlook. SS&C did not specify the potential financing source for the acquisition but commented that it is considering all options, including a possible cash offer. We believe that the acquisition, if completed, could strengthen SS&C's business risk profile through potential market share gains and operational synergies given its similar product and end-market focus. We believe that the company has incremental debt capacity of up to about 3x...
Companies mentioned in this report are: SS&C Technologies Inc.
Action: Bulletin
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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