SS&C stockholders approve takeover

Source: SS&C Technologies

SS&C Technologies, Inc. (NASDAQ: SSNC) today announced that, at a special meeting of the stockholders of SS&C Technologies, Inc. held today, the stockholders of the Company voted to adopt the merger agreement with entities affiliated with The Carlyle Group, a global private equity firm.

On July 28, 2005, SS&C entered into a merger agreement with Sunshine Acquisition Corporation and its wholly owned subsidiary, Sunshine Merger Corporation, entities affiliated with The Carlyle Group.

The merger is anticipated to be completed on Wednesday, November 23, 2005, subject to the satisfaction of closing conditions. SS&C stockholders will receive $37.25 per share in cash, without interest. SS&C stock will cease to trade on the NASDAQ National Market at the close of market on the date of closing and will be delisted on such date.

Comments: (0)