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Advent Software Inc Announces Secondary Public Offering

Monday, 5 Aug 2013 04:48pm EDT 

Advent Software Inc announced a public offering of 7,261,844 shares of its common stock (the Offering) by persons and entities affiliated with SPO Advisory Corp. pursuant to Advent's shelf registration statement and preliminary prospectus supplement filed with the Securities and Exchange Commission. The selling stockholders will grant the underwriters an option to purchase up to an additional 1,089,277 shares. No shares are being sold by Advent in the Offering, and the selling stockholders will receive all of the proceeds from the Offering. J. P. Morgan Securities LLC and BofA Merrill Lynch are acting as joint book-running managers for the Offering, and Jefferies LLC is acting as a book-running manager for the Offering. Sandler O'Neill + Partners, L.P. and Wedbush Securities Inc. are acting as co-managers of the Offering. 

Company Quote

-0.595 -1.91%
19 Dec 2014