SS&C Technologies Holdings (Nasdaq:SSNC) today announced a public offering of its common stock.
The size of the offering is 7,000,000 shares of common stock offered by investment funds affiliated with The Carlyle Group. Upon completion of the offering, investment funds affiliated with The Carlyle Group will own approximately 36.8% of the common stock of SS&C Holdings. The offering is expected to close and settle on July 27, 2011. Neither the company nor the company's management is selling any shares of common stock in the offering and the company will not receive any of the proceeds from the offering of shares by the selling stockholders.
The company confirms that there is no change to the financial guidance provided by the company in its earnings release dated May 9, 2011.