SS&C Technologies Holdings, Inc. (SSNC) Thursday announced a definitive agreement to acquire Battea-Class Action Services, LLC for approximately $670 million. The acquisition, with a combination of debt and cash on hand, is expected to close this year.
SS&C said it expects the transaction to be accretive over the next 12 months.
Battea helps more than 900 banks, asset managers hedge funds and proprietary trading firms.
The acquisition is expected to augment SS&C's capabilities with a comprehensive suite of financial recovery services.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.