Bisys (BSG) Considering a Management-Led Buyout - FT.com

According to reports from FT.com, Bisys (NYSE: BSG) is considering a management-led buyout and has hired Bear Stearns to evaluate strategic options. The report noted that Bisys recently settled SEC fraud charges.

The article also noted a recent Jefferies report suggesting the best path for Bisys would be a takeover and a price of $13 or above would be justified.