INFORMATION REGARDING LINEDATA SERVICES’ BID FOR FINANCIAL MODELS COMPANY
18 February 2005
Paris - Linedata Services has announced that it has received notifications dated 17 February 2005 from the Board of Directors of FMC and from the signatories of lock-up agreements with Linedata Services of a non-binding proposal from SS&C Technologies Inc., of Windsor, Connecticut, USA, for an offer which is higher than the Linedata Services offer of 20 January 2005.
SS&C proposes to make an all-cash offer to acquire all FMC common shares and class C shares at a price of CAD17.70 per share.
Linedata Services is considering these notifications, which invite Linedata to respond within five (5) business days, that is to say by 24 February 2005, 5:00 pm Toronto, Canada, time, and will make its position known once it has determined whether the SS&C offer complies with all the terms of the shareholder lock-up agreements.
Linedata Services added that the Ontario (Canada) Court of Appeal is to hear the appeal of Mr Katotakis on 22 February 2005 in respect of his offer and will render its decision some time thereafter.
Linedata Services further adds that its offer for FMC expires on 25 February 2005 at 5pm Toronto, Canada, time.