Financial software company SS&C Technologies Holdings Inc plans to purchase Advent Software Inc for about $2.3 billion, Bloomberg reported, citing a person with knowledge of the matter. SS&C plans to offer $45 per share for Advent, Bloomberg said, citing the person. (bloom.bg/1Cz6Qjs)
Advent Software, Inc. (Advent) offers software and services, which automate work flows and data across investment management organizations, as well as the information flows between an investment management organization and external parties. Shares of ADVS traded higher by 7.26% or $2.75/share to $40.65. In the past year, the shares have traded as low as $25.42 and as high as $38.25. On average, 540497 shares of ADVS exchange hands on a given day and today's volume is recorded at 2324092.
SS&C Technologies Holdings, Inc. (SS&C) is a provider of investment and financial software-enabled services and software for the financial services industry. Shares of SSNC traded higher by 2.94% or $1.57/share to $55.01. In the past year, the shares have traded as low as $35.47 and as high as $59.76. On average, 288194 shares of SSNC exchange hands on a given day and today's volume is recorded at 584340.
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