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SS&C takeover of Blue Prism (PRSM) sends stock higher

By David Burrows

08:39, 1 December 2021

Blue Prism Group's logo
Blue Prism hopes the acquisition by SS&C will boost R&D – Photo: Alamy

Blue Prism Group saw its stock price rise in early morning trading after it confirmed it had reached an agreement over the terms of its £1.24bn ($1.65bn) acquisition by US hedge fund SS&C Technologies Holding.

The Blue Prism stock was up 1.62% just after the market opened in London today at £13.20.

UK-based Blue Prism is a multinational software company specialising in robotic process automation.

Under the terms of the acquisition, each Blue Prism shareholder will be entitled to receive £12.75 per share.

Access to capital

Commenting on the acquisition, Jason Kingdon, chair and CEO of Blue Prism, said: “While as a standalone enterprise we have built an impressive business, the opportunity presented to combine Blue Prism with SS&C will bring us access to significant capital resources and investment in R&D alongside access to SS&C’s extensive 18,000 customers.

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“The combination ensures that we remain at the forefront of the next generation of intelligent automation and can continue to provide innovative products and services. SS&C also recognises the hard work of the Blue Prism team over the years and understands the value of the skills, experience and commitment of our employees.”

Kingdon added: “The process the Blue Prism board over the last five months has undertaken has been extensive, and we believe this offer represents strong, immediate value for our shareholders and benefits our wider stakeholders.”

SS&C Technologies Holdings was 2.49% down on the day when the Nasdaq closed.

Read more: Private equity partnership bids for Aareal Bank

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The difference between trading assets and CFDs
The main difference between CFD trading and trading assets, such as commodities and stocks, is that you don’t own the underlying asset when you trade on a CFD.
You can still benefit if the market moves in your favour, or make a loss if it moves against you. However, with traditional trading you enter a contract to exchange the legal ownership of the individual shares or the commodities for money, and you own this until you sell it again.
CFDs are leveraged products, which means that you only need to deposit a percentage of the full value of the CFD trade in order to open a position. But with traditional trading, you buy the assets for the full amount. In the UK, there is no stamp duty on CFD trading, but there is when you buy stocks, for example.
CFDs attract overnight costs to hold the trades (unless you use 1-1 leverage), which makes them more suited to short-term trading opportunities. Stocks and commodities are more normally bought and held for longer. You might also pay a broker commission or fees when buying and selling assets direct and you’d need somewhere to store them safely.
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