Law office of Brodsky & Smith, LLC announces that it is investigating
potential claims against the Board of Directors of Advent Software, Inc.
("Advent Software” or "the Company")( Nasdaq:ADVS) for possible breaches
of fiduciary duty and other violations of state law in connection with
the sale of the Company to SS&C Technologies Holdings, Inc. (“SS&C”).
Click here to learn more about the investigation http://brodsky-smith.com/884-advs-advent-software-inc.html,
or call: 877-534-2590. There is no cost or obligation to you.
Under the terms of the transaction, Advent Software shareholders will
receive only $44.25 in cash for each share of Advent Software stock they
own. The investigation concerns whether the Board of Advent Software
breached their fiduciary duties to stockholders by failing to adequately
shop the Company before agreeing to enter into this transaction, and
whether SS&C Technologies is underpaying for Advent Software.
The transaction may undervalue Advent Software given the Company’s
strong financial position. For example, Advent Software beat consensus
analyst estimates for adjusted EPS every quarter for the past year. In
addition the price being paid by SS&C is below an analyst price target
for the stock. If completed the transaction will end Advent Software’s
30-year run as an independent company and it has been reported that an
analyst believes that SS&C can realize approximately $45 million in
annual savings by the elimination of jobs of Advent Software employees.
If you own shares of Advent Software and wish to discuss the legal
ramifications of the investigation, or have any questions, you may
e-mail or call the law office of Brodsky & Smith, LLC who will, without
obligation or cost to you, attempt to answer your questions. You may
contact Jason L. Brodsky, Esquire or Evan J. Smith, Esquire at Brodsky &
Smith, LLC, Two Bala Plaza, Suite 510, Bala Cynwyd, PA 19004, by
visiting http://brodsky-smith.com/884-advs-advent-software-inc.html,
or calling toll free 877-LEGAL-90.
Brodsky & Smith, LLC is a litigation law firm with extensive expertise
representing shareholders throughout the nation in securities and class
action lawsuits. The attorneys at Brodsky & Smith have been appointed by
numerous courts throughout the country to serve as lead counsel in class
actions and have successfully recovered millions of dollars for our
clients and shareholders. Attorney advertising. Prior results do not
guarantee a similar outcome.
Copyright Business Wire 2015