ZURICH, Feb 20 (Reuters) - Swiss banking software supplier Temenos said on Tuesday it was in advanced discussions regarding a possible all-cash offer for Britain’s Fidessa Group .
Under the proposed terms of the possible offer, Fidessa shareholders would get 35.67 pounds ($49.82) in cash for each share together with the right to receive the dividends announced on Monday with Fidessa’s full-year results, Temenos said in a statement.
Temenos said the board of Fidessa would recommend an offer at this level, but there was no certainty at this stage that any offer would be made.
Fidessa Group has a market capitalisation of 1.13 billion pounds, according to Thomson Reuters data. The stock closed at 29.15 pounds on Monday.
$1 = 0.7159 pounds Reporting by Silke Koltrowitz; Editing by Michael Shields