SunGard in talks for possible sale

NEW YORK (AP) _ SunGard Data Systems Incorporated, a maker of investment support systems for banks, stock exchanges and mutual funds, says it's in talks over a possible sale of the entire company.

Monday, March 21st 2005, 9:58 am

By: News On 6


NEW YORK (AP) _ SunGard Data Systems Incorporated, a maker of investment support systems for banks, stock exchanges and mutual funds, says it's in talks over a possible sale of the entire company.

Its shares surged more than 24 percent in early trading.

SunGard's board has authorized its advisers and management to engage in these discussions, while at the same time proceeding with the planned spin-off of the company's Availability Services business, which was announced last fall.

Earlier Monday, the New York Post reported that a consortium led by San Francisco-based Silver Lake Partners was negotiating to purchase Wayne, Pennsylvania-based SunGard for up to ten (b) billion dollars.
logo

Get The Daily Update!

Be among the first to get breaking news, weather, and general news updates from News on 6 delivered right to your inbox!

More Like This

March 21st, 2005

March 14th, 2024

December 4th, 2023

September 25th, 2023

Top Headlines

March 28th, 2024

March 28th, 2024

March 28th, 2024

March 28th, 2024