Printer Friendly
The Free Library
14,718,400 articles and books
Member login
User name  
Password 
 
Join us Forgot password?

SunGard Asia Pacific Commences Offer for Shares of System Access Limited.


WAYNE Wayne, city (1990 pop. 19,899), Wayne co., SE Mich., a suburb of Detroit, on the Lower Rouge River; inc. as a village 1869, and with surrounding areas as a city 1960. It has automobile and aircraft industries and other varied manufactures. , Pa. -- SunGard (SunGard Data Systems Inc., Wayne, PA, www.sungard.com) A computer software and services company specializing in financial services, investment support systems and business continuity. SunGard was formed in 1983 from four subsidiaries of the Philadelphia-based Sun Company.  (http://www.sungard.com), a global leader in integrated software Separate software components or applications that have been combined into one package. See integrated software package.  and processing solutions and the pioneer and leading provider of information availability services, reported today that Morgan Stanley To comply with Wikipedia's , the introduction of this article needs a complete rewrite.  Dean Witter Dean Witter may refer to:
  • Dean G. Witter (businessman, Co-founder of Dean Witter & Company)
  • Dean Witter Reynolds (brokerage firm, now known as Morgan Stanley)
 Asia (Singapore Singapore (sĭng`gəpôr, sĭng`ə–, sĭng'gəpôr`), officially Republic of Singapore, republic (2005 est. pop. 4,426,000), 240 sq mi (625 sq km). ) Pte, for and on behalf of SunGard Asia Pacific Inc., a wholly owned subsidiary Wholly Owned Subsidiary

A subsidiary whose parent company owns 100% of its common stock.

Notes:
In other words, the parent company owns the company outright and there are no minority owners.
 of SunGard Data Systems Inc., released the following announcement in Singapore earlier today regarding the distribution of offer documents detailing the voluntary conditional Subject to change; dependent upon or granted based on the occurrence of a future, uncertain event.

A conditional payment is the payment of a debt or obligation contingent upon the performance of a certain specified act.
 cash offer for shares in the capital of System Access Limited, a Singapore corporation.

About SunGard

With annual revenue of $4 billion, SunGard is a global leader in software and processing solutions for financial services The examples and perspective in this article or section may not represent a worldwide view of the subject.
Please [ improve this article] or discuss the issue on the talk page.
, higher education higher education

Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art.
 and the public sector. SunGard also helps information-dependent enterprises of all types to ensure the continuity of their business. SunGard serves more than 25,000 customers in more than 50 countries, including the world's 50 largest financial services companies. Visit SunGard at www.sungard.com.

Trademark Information: SunGard and the SunGard logo are trademarks or registered trademarks of SunGard Data Systems Inc. or its subsidiaries in the U.S. and other countries. All other trade names are trademarks or registered trademarks of their respective holders.
SUNGARD

                   VOLUNTARY CONDITIONAL CASH OFFER

                                  by

                            Morgan Stanley

            MORGAN STANLEY DEAN WITTER ASIA (SINGAPORE) PTE

                      (Incorporated in Singapore)
                     (Registration No. 199206298Z)

                         for and on behalf of

                       SUNGARD ASIA PACIFIC INC.
             (Incorporated in the State of Delaware, USA)

      to acquire all the issued ordinary shares in the capital of
                         SYSTEM ACCESS LIMITED
                      (Incorporated in Singapore)
                     (Registration No. 198304837E)



1.  DESPATCH OF OFFER DOCUMENT

    Morgan Stanley Dean Witter Asia (Singapore) Pte (Morgan Stanley)
    wishes to announce for and on behalf of SunGard Asia Pacific Inc.
    (Offeror), that the offer document dated 14 August 2006 (Offer
    Document) which contains details of a voluntary conditional cash
    offer (Offer) by Morgan Stanley for and on behalf of the Offeror
    for all the issued ordinary shares (Shares) in the capital of
    System Access Limited (Offeree), as announced on 24 July 2006,
    together with the Form of Acceptance and Authorisation (FAA)
    and/or Form of Acceptance and Transfer (FAT) (as the case may be),
    has been despatched on 14 August 2006 to depositors whose
    securities accounts with The Central Depository (Pte) Limited
    (CDP) are credited with the Shares (Depositors) and to the holders
    of the Shares (Shareholders) whose names appear in the Register of
    Members of the Offeree.

    Outstanding options granted under the System Access Share Option
    Scheme are not freely transferable by the holders thereof
    (Optionholders). In view of this restriction, the Offeror is
    making a proposal (Options Proposal) to the Optionholders. The
    Options Proposal dated 14 August 2006, together with the Offer
    Document, has also been despatched to Optionholders on 14 August
    2006.

    All capitalised terms used and not defined herein shall have the
    meanings ascribed to them in the Offer Document.

2.  REQUEST FOR OFFER DOCUMENT AND RELATED DOCUMENTS

    Depositors and Shareholders who do not receive the Offer Document
    and the relevant acceptance forms within a week from the date
    hereof should contact CDP or Tricor Barbinder Share Registration
    Services (Tricor Barbinder), as the case may be, without delay at
    the following addresses:

    For Depositors
    --------------
    The Central Depository (Pte) Limited
    4 Shenton Way
    #02-01 SGX Centre 2
    Singapore 068807

    Copies of the FAA may be obtained by Depositors from CDP upon
    production of satisfactory evidence that their securities accounts
    with CDP are or will be credited with the Shares.

    For Shareholders
    ----------------
    Tricor Barbinder Share Registration Services
    8 Cross Street
    #11-00 PWC Building
    Singapore 048424

    Copies of the FAT may be obtained by Shareholders from Tricor
    Barbinder upon production of satisfactory evidence of title to the
    Shares.

3.  OVERSEAS SHAREHOLDERS

    The availability of the Offer to Shareholders whose addresses are
    outside Singapore, as shown on the Register of Members of the
    Offeree or, as the case may be, in the records of CDP (each, an
    Overseas Shareholder) may be affected by the laws of the relevant
    overseas jurisdictions. Accordingly, any Overseas Shareholder
    should inform himself about, and observe any applicable legal
    requirements. Where there are potential restrictions on sending
    the Offer Document to any overseas jurisdiction, the Offeror and
    Morgan Stanley reserve the right not to send the Offer Document to
    such overseas jurisdiction. For the avoidance of doubt, the Offer
    is made to all Shareholders, including those to whom the Offer
    Document has not been, or may not be, sent.

    Overseas Shareholders may obtain copies of the Offer Document and
    any related documents, during normal business hours and up to the
    Closing Date, from the Offeror through Tricor Barbinder at its
    office located at 8 Cross Street, #11-00 PWC Building, Singapore
    048424.

    Alternatively, an Overseas Shareholder may write to the Offeror
    through Tricor Barbinder at the above address to request for the
    Offer Document and any related documents to be sent to an address
    in Singapore by ordinary post at the Overseas Shareholder's own
    risk, up to 3 Market Days prior to the Closing Date.

    It is the responsibility of any Overseas Shareholder who accepts
    the Offer or who requests for the Offer Document and any related
    documents to satisfy himself as to the full observance of the laws
    of the relevant jurisdiction in that connection, including the
    obtaining of any governmental or other consent which may be
    required, and compliance with all necessary formalities or legal
    requirements and the payment of any taxes, imposts, duties or
    other requisite payments due in such jurisdictions. Such Overseas
    Shareholders shall be liable for any such taxes, imposts, duties
    or other requisite payments payable and the Offeror and any person
    acting on its behalf shall be fully indemnified and held harmless
    by such Overseas Shareholders for any such taxes, imposts, duties
    or other requisite payments as the Offeror and/or any person
    acting on its behalf may be required to pay. In accepting the
    Offer or requesting for the Offer Document and any related
    documents, the Overseas Shareholder represents and warrants to the
    Offeror that he is in full observance of the laws of the relevant
    jurisdiction in that connection, that he is in full compliance
    with all necessary formalities or legal requirements, and that the
    Offeror will not be in breach of any such laws or requirements.

    The Offeror and Morgan Stanley each reserves the right to notify
    any matter, including the fact that the Offer has been made, to
    any or all Overseas Shareholders by announcement or paid
    advertisement in a daily newspaper published and circulated in
    Singapore, in which case such notice shall be deemed to have been
    sufficiently given notwithstanding any failure by any Shareholder
    to receive or see such announcement or advertisement.

    Any Overseas Shareholder who is in any doubt about his position
    should consult his professional adviser in the relevant
    jurisdiction.

    Notice to US investors

    Pursuant to exemptive relief granted by the SEC from Rule 14e-5
    under the Securities Exchange Act, the Offeror and its Concert
    Parties, acting directly or indirectly through their agents,
    advisers and other nominees or brokers, may make certain purchases
    of, or arrangements to purchase, Shares during the period in which
    the Offer remains open for acceptance. In accordance with the
    requirements of Rule 14e-5 and the exemptive relief granted by the
    SEC, such purchases, or arrangements to purchase, must comply with
    Singapore law and the Code. The Offeror and its Concert Parties
    shall disclose in the United States either by press release or on
    the SunGard website http://www.sungard.com information regarding
    such purchases, or arrangements to purchase, Shares outside the
    Offer to the extent such information is made public in Singapore
    pursuant to Singapore law and the Code and in a comparable manner.

    To the extent that the Offer is being made in the United States,
    it is made directly by the Offeror. References in the Offer
    Document and the FAA and FAT to the Offer being made by Morgan
    Stanley on behalf of the Offeror should be construed accordingly.

    US Shareholders of System Access should note that the Offer is
    made for the securities of a non-US company. The Offer is subject
    to the disclosure requirements of Singapore law, which are
    different from those of the United States.

4.  PROCEDURES FOR ACCEPTANCE

    Full details of the procedures for acceptance are set out in the
    Offer Document and in the FAA or the FAT (as the case may be).

5.  CLOSING DATE

    The Offer will be open for acceptance until 3.30 p.m. on 11
    September 2006 or such later date(s) as may be announced from time
    to time by or on behalf of the Offeror.

6.  RESPONSIBILITY STATEMENT

    The Offeror Directors and the directors of SunGard Data Systems
    Inc. (including those who may have delegated detailed supervision
    of this announcement) have taken all reasonable care to ensure
    that the facts stated in this announcement are fair and accurate
    and that no material facts have been omitted, and they jointly and
    severally accept responsibility accordingly.


Issued by Morgan Stanley Dean Witter Asia (Singapore) Pte
for and on behalf of
SunGard Asia Pacific Inc.

14 August 2006
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

 Reader Opinion

Title:

Comment:



 

Article Details
Printer friendly Cite/link Email Feedback
Publication:Business Wire
Article Type:Company overview
Geographic Code:1USA
Date:Aug 14, 2006
Words:1508
Previous Article:BCB Bancorp, Inc. Declares Special Dividend of 30 Cents Per Share.
Next Article:Open Country Launches OCM 3.1 Systems Management Suite; Company's flagship software offers added features, supports 8 languages.
Topics:



Related Articles
Sunsuper Selects SunGard Employee Benefit Systems Asia-Pacific as Preferred Technology Partner.
Ten50Six Partners with SunGard to Address Pension Reform in South Africa; SunGard Broadens Base of International Pension Benefit Administrators.
UN Summit to Use Commence RM to Manage Event Preparation.
Consortium of Private Equity Firms Completes Acquisition of SunGard; Transaction Ranks As Second Largest LBO Ever.
SunGard Asia Pacific Extends Offer Period for Shares of System Access Limited.(Company overview)
SunGard Asia Pacific Offer for Shares of System Access Limited Declared Unconditional as to Acceptances.(Company overview)
SunGard Asia Pacific Offer for Shares of System Access Limited Closed.(Company overview)
SunGard Asia Pacific Offer for Shares of System Access Limited Declared Unconditional.
SunGard Asia Pacific Extends Offer Period for Shares of System Access Limited.(Company overview)
SunGard System Access to Use Parasoft Jtest across its Regional Development Centers.

Terms of use | Copyright © 2009 Farlex, Inc. | Feedback | For webmasters | Submit articles