For the second time in two months, the Carlyle Group is selling common
shares in SS&C Technologies, the Windsor-based software and services firm.
SS&C said Thursday Carlyle is selling 7.5 million shares, cutting its ownership of the company to about 9.2 percent, at a price of $32.20 per share. A sale in March reduced Carlyle's ownership from 27 percent to 19 percent.
The company expects the public offering to close and settle on May 14.
SS&C was public until the end of 2005 when Carlyle, a private investment firm, took it private along with company founder Willian C. Stone in a $1 billion buyout. After years of growth, SS&C went public again in March, 2010.
Shares were selling in early trading Thursday at $31.42, down $2.78 or 8.19 percent on the Nasdaq market, still more than double the initial share price of $15.
(c)2013 The Hartford Courant (Hartford, Conn.)
Visit The Hartford Courant (Hartford, Conn.) at www.courant.com
Distributed by MCT Information Services
Most Popular Stories
- Hezbollah Chief's Assassination Claimed by Sunni Group
- Allstate Seeks to Invest in Minority Firms
- SpaceX's Satellite Launch Is 'Game-Changer'
- Latin Music Conference Turns 25
- U.S. Growth Stayed Steady During Shutdown, Fed Says
- Newtown Massacre Heard on 911 Recordings
- Reid Confident Congress to Pass Immigration Bill
- Guardian Pressured to Stop NSA Stories: Editor
- New Home Sales Shoot up 25 Percent in October
- Climate Change Early Warning System Urged