SunGard Targets Europe with GL Acquisition
Vendor Mergers
The move comes after Euronext decided to sell its 40 percent stake in the European vendor following its own acquisition by the New York Stock Exchange (NYSE) last year. GL Trade received a number of private equity offers, but selected SunGard due to the strength of the financial offering at €41.70 ($62.10) per share and because of the cultural fit of the two companies, according to Tatiana Liber, investor relations at GL Trade.
Both firms have adopted a combination of organic growth and growth
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