Misys plc (“Misys”) announces that it received yesterday from the US Internal Revenue Service (“IRS”) a ruling confirming that there will be no material tax liability resulting from the US corporate reorganisation associated with the sale of a majority of its stake in Allscripts Healthcare Solutions, Inc, as described in its shareholder circular of 29 July 2010 (the “July Circular”).

Completion of the disposal of the majority of Misys' controlling shareholding in Allscripts Healthcare Solutions, Inc. (Allscripts)

Completion of placing and buyback of shares in respect of the disposal of the majority of controlling shareholding in Allscripts-Misys Healthcare Solutions, Inc. ("Allscripts")

Transaction progressing ahead of timetable
Reduced minimum placing size
ValueAct Capital to submit an order for shares in the placing
 

Misys plc: Notes Allscripts and Eclipsys announce special shareholders meetings

Sale of majority of controlling interest in Allscripts

Return of over $1 billion (£0.7 billion) to shareholders

Allscripts merger with Eclipsys

Click here to read the release