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The Times & The Sunday Times
The Times & The Sunday Times
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Rumour of the day

The Times
The Times

Shares in Misys, the software house that received a management buyout approach in June, rose 3p to 250¼p on talk that an external bidder has tabled a firm offer at the 275p level. Nasdaq-listed Fiserv, SunGard Data Systems and a private equity consortium consisting of Permira and General Atlantic have been cited as outside suitors.

Misys’s bid team is led by Kevin Lomax, chief executive.