Why the Mainstream (ASX:MAI) share price is up 62% this week

It was a quiet week for the Mainstream Group Holdings Ltd (ASX: MAI) share price. That was until it suddenly jumped 60% before close on Monday. At the time of writing, the Mainstream share price is up 0.76%. trading at $1.99. 

Mainstream share price jumps on superior takeover 

On March 9, Vistra offered to acquire 100% of Mainstream shares at $1.20 per share. A go-shop period was provisioned to allow Mainstream to seek out competing offers until 11 April. 

On Monday, the company announced that a superior proposal has also emerged from SS&C Technologies Holdings, Inc. (NASDAQ: SSNC) for $2.00 cash per share, a 67% premium to the price per share…

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