Exchange Systems Technology (EST), the IT clearing and
settlement solutions provider, has announced the takeover of
equity market middle and back-office systems supplier, SAM
Group. The deal was subject to final shareholder approval as
FO Week went to press.
Because the deal was yet to be completed, EST was unable to
give a price of the takeover. However, the firm's Patrick
Thornton-Smith told FO Week that it was a cash and
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