Windsor investment and financial software provider SS&C Technologies announced a public offering of more than 7 million shares of its common stock from investment funds affiliated with the private equity firm Carlyle group, which acquired SS&C in 2005.
Once the roughly 7.5 million shares are sold, Carlyle will no longer beneficially own any shares of SS&C common stock. As of June 30, Carlyle owned 9.17 percent of SS&C.
The offering is expected to close and settle Sept. 24. SS&C said it will not receive any proceeds from the sale.
Shares of SS&C were trading down 3 percent at $38.25 at 10:20 this morning.
