The tumultuous week sees SS&C Technologies and FNZ locked in a battle to acquire GBST

Australian Fintech GBST Holdings is generating a bidding war.

UK-based FNZ had the last word in the sequence of bid and counter-bid that unfolded last week between SS&C and FNZ over Australian fintech GBST Holdings.

The GBST board will now chew over FNZ’s $3.65 per share bid made Friday afternoon.

The bidding is up from the $3.25 offer from SSC, which won the Board’s support.

However, FNZ countered that with a $3.50 bid.

Not to be outdone, SS&C upped its offer to $3.60. The GBST board then decided to continue with the said offer exclusively.

But FNZ has again put a spanner in the works with its latest $3.65 offer.

GBST Holdings Limited is engaged in client accounting and securities transaction technology solutions for the finance, banking, and capital markets industry globally, and funds administration and registry software for the wealth management industry in Australia and the United Kingdom.