Sr. Correspondent, Broker Research, Bangalore, India
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Jan 28, 2015

Advent Software options unusually active ahead of deal news

NEW YORK (Reuters) – Bullish activity in Advent Software Inc’s (ADVS.O: Quote, Profile, Research) options surged weeks ahead of a report on Wednesday that U.S. financial software company SS&C Technologies Holdings Inc (SSNC.O: Quote, Profile, Research) plans to buy Advent for about $2.3 billion.

San Francisco-based Advent Software’s shares jumped as much as 13 percent to an all-time high of $42.85 on Wednesday, after a Bloomberg report said SS&C plans to offer $45 per share for Advent. Reuters has not independently verified the information, and Advent could not be reached for comment. SS&C declined comment.

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    • About Saqib

      "Saqib Ahmed is an options correspondent working with the Markets team in New York. He previously led the Reuters Broker Research team in Bangalore. He joined Reuters in 2009 after graduating from the Asian College of Journalism."
      Joined Reuters:
      2009
      Languages:
      English, Hindi, Bengali
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