Fundtech Ltd. confirmed it is in preliminary talks with suitors that have expressed interest in a merger or acquisition, although it said no agreement has been reached.
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In response to media reports, Fundtech, which licenses software products to banks, said one of the deals being discussed was a merger with a U.S. company. Fundtech was recently approached by a multinational firm expressing interest in an acquisition.
Fundtech said it does not intend to make any additional comments about the talks until a formal agreement is reached or it is required to issue a statement.
