News: RFL Temenos announces proposal to acquire Rubik

Feb 14 (Reuters) - Temenos Group AG TEMN.S :

• Confirms that it has entered into a binding scheme implementation deed to acquire Rubik Financial Limited ('Rubik') (RFL)
• Temenos will acquire 100% of the issued capital of Rubik for a cash consideration of a $0.1667 per share,
• The board of directors of Rubik has unanimously recommended that its shareholders vote in favour of the scheme,
• The scheme consideration will be funded by Temenos' existing cash and debt facilities

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