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£1.2bn takeover deal of robotics company Blue Prism on track

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A £1.2bn takeover of AIM-listed Warrington-headquartered robotics company Blue Prism is nearing completion. 

Shareholders backed US fintech company SS&C’s offer to purchase the company in December, after US private investment firm Vista Equity Partners pulled out of a bidding war.

Based in Connecticut, SS&C Technologies is a cloud-based provider of financial services technology solutions and one of the largest hedge fund and private equity administrators, which employs more than 24,000 staff across 40 countries.

There were a number of regulatory hurdles the Warrington firm, which works with companies including eBay, NHS and Siemens, needed to go through before the acquisition deal could go ahead. 

According to a timetable released today, the final step for the takeover bid to be completed is for a court hearing to sanction the scheme which is expected to take place on 14 March. 

Shares in the Warrington robotics firm are set to be suspended on AIM on March 16.

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