SS&C Technologies Holdings, Inc. (SSNC: Quote) said Wednesday that the previously announced public secondary offering of 7 million shares of its common stock offered by investment funds affiliated with The Carlyle Group to Citigroup, acting as underwriter for the offering, has been offered by the underwriter to purchasers in one or more transactions directly or through agents, or through brokers in brokerage transactions on The Nasdaq Global Select Market, or to dealers in negotiated transactions or in a combination of such methods of sale, at a fixed price or prices that may be changed, or at market prices prevailing at the time of sale, at prices related to such prevailing market prices or at negotiated prices.
The offering is expected to close and settle on July 23.
Upon completion of the offering, investment funds affiliated with Carlyle Group will own about 27.37% of the common stock of SS&C.
Neither SS&C nor SS&C's management is selling any shares of common stock in the offering, and SS&C will not receive any of the proceeds from the offering of shares by the selling stockholders.
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by RTT Staff Writer
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