Former Directors Bid For Control of Mysis

Three former directors of Misys say they are seeking to take over management control of the UK banking systems vendor in a bid to prevent shareholders selling the company on the cheap. The three former directors - ex-finance director Ross Graham, former head of the vendor's financial services division Mike O'Leary and ex-group managing director John Sussens - claim they have the support of institutions holding 25% of Misys shares for their proposed "management walk-in" and have written to the company's independent directors outlining their plan. Read more here.