An investigation on behalf of investors of Advent Software, Inc. (NASDAQ:ADVS) in connection with the proposed takeover was announced and NASDAQ:ADVS stockholders should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 02/03/2015 -- An investigation on behalf of investors, who currently hold shares of Advent Software, Inc. (NASDAQ:ADVS), was announced concerning whether the takeover of Advent Software, Inc. by SS&C Technologies Holdings, Inc for a value of $44.25 per shares is unfair to NASDAQ:ADVS stockholders.
Investors who purchased shares of Advent Software, Inc. (NASDAQ:ADVS) and currently hold any of those NASDAQ:ADVS shares have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The investigation by a law firm concerns whether certain officers and directors of Advent Software, Inc. breached their fiduciary duties owed to NASDAQ:ADVS investors in connection with the proposed acquisition.
On February 2, 2015, SS&C Technologies Holdings, Inc. and Advent Software, Inc. announced that the Companies have entered into an agreement wherein SS&C Technologies Holdings will acquire Advent Software, Inc. Under the terms of the agreement, SS&C Technologies Holdings will purchase Advent Software, Inc. (NASDAQ:ADVS) for an enterprise value of approximately $2.7 billion in cash, equating to $44.25 per NASDAQ:ADVS share plus assumption of debt.
However, the investigation concerns whether the offer is unfair to NASDAQ:ADVS stockholders. More specifically, the investigation concerns whether the Advent Software Board of Directors undertook an adequate sales process, adequately shopped the company before entering into the transaction, maximized shareholder value by negotiating the best price, and acted in the shareholders' best interests in connection with the proposed sale.
Advent Software, Inc. reported that its annual Total Revenue rose from $283.50 million in 2010 to $382.96 million in 2013. Shares of Advent Software, Inc. (NASDAQ:ADVS) grew from $29.27 per share on January 6, 2015 to as high as $42.85 per share on January 28, 2015.
On February 2, 2015, NASDAQ:ADVS shares closed at $41.39 per share.
Those who are current investors in Advent Software, Inc. (NASDAQ:ADVS) shares have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com