Misys sells off AllScripts stake

A subsidiary of software firm Misys has announced it is selling 25m shares on behalf of its parent company and majority shareholder. Misys is selling to reduce its majority stake in AllScripts-Misys Healthcare Solutions as part of an agreement between the two, in preparation for AllScripts' pending merger with Eclipsys Corporation. There is also an option for underwriters to purchase up to 3.75m additional shares from the selling stockholders to cover over-allotments.