Misys PLC To Sell 25 Million Allscripts Shares
August 16 2010 - 3:04AM
Dow Jones News
Misys Plc (MSY.LN), a software products and solutions company
announced Monday that subsidiary Allscripts-Misys Healthcare
Solutions, Inc. (NASDAQ: MDRX) have commenced the public offering
of 25,000,000 shares of its common stock on behalf of certain
wholly-owned subsidiaries of Misys plc, Allscripts' majority
stockholder.
MAIN FACTS:
-The shares are being sold by Misys to reduce its equity stake
in Allscripts pursuant to the Framework Agreement between Misys and
Allscripts, as previously announced in connection with Allscripts'
pending merger with Eclipsys Corporation (NASDAQ: ECLP).
-The offering includes an option for the underwriters to
purchase up to 3,750,000 additional shares from the selling
stockholders to cover over-allotments, if any.
-Allscripts will not sell any shares in the offering and will
not receive any proceeds from the offering.
-Shares closed Friday at 256.40 pence
-By Zechariah Hemans, Dow Jones Newswires; 44-20-7842-9411;
zechariah.hemans@dowjones.com
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