Misys investors approve Vista

MISYS’ investors yesterday approved Vista’s £1.27bn takeover bid for the banking software firm, with 99 per cent of shareholders voting in favour of the deal.

Vista Equity Partners unveiled a £3.50 per share offer for Misys on 19 March, with irrevocable undertakings from 21.9 per cent of investors including two of the three top shareholders. Top stakeholder ValueAct did not back the bid at the time as it was considering making its own offer.