SHAREHOLDER ALERT: Brodsky & Smith, LLC Announces Investigation of The Board of Directors of Advent Software, Inc.
February 18 2015 - 9:35PM
Business Wire
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.
Brodsky & Smith, LLCJason L. Brodsky, EsquireEvan J. Smith,
Esquire877-LEGAL-90http://brodsky-smith.com/884-advs-advent-software-inc.html