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The business has its origins in the share registration business of Lloyds TSB which was bought out from Lloyds by Advent International, a private equity institution, in 2007. [3] The company was the subject of an initial public offering in October 2015. [4] In July 2017 it announced the acquisition of the share registration business of Wells ...
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BAe acquired Sema's 50% share in 1998. That year also saw BAe begin to experience major difficulties. BAe saw its share price fall below 100p for the first time. On 9 September 1991, the company issued a profits warning and later that week "bungled" the launch of a £432 million rights issue. [51]
On 28 July 2008 the board of Detica and BAE Systems announced that the latter had made a formal cash offer of £9.40 for all issued and to-be-issued share capital. After acquiring over 92% of outstanding shares with shareholder approval, BAE declared its offer for Detica unconditional on 25 September 2008. [6]
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