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Stock Market & Financial Investment News

News Breaks
October 24, 2011
16:27 EDTADVSAdvent Software announces additional stock repurchase authorization
Advent Software announced that its board has authorized the repurchase of up to an additional 2M shares of the Company's common stock. This authorization is in addition to the approximately 45,000 shares that remain available as of today for repurchase by Advent under the share repurchase program announced in May 2010. The stock repurchase authorization does not have an expiration date
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June 23, 2015
12:50 EDTADVSAdvent discloses intention to restructure, eliminate roles within organization
In a regulatory filing, Advent disclosed that it determined to restructure or eliminate certain roles as part of an internal reorganization of responsibilities. As a result, the employment of Adventís Executive Vice President, Todd Gottula, and Executive Vice President, Sales and Solution Management, Chris Momsen, will terminate effective September 1, 2015. The employment of Adventís Executive Vice President, Global Customer Experience, Anthony Sperling, will terminate effective October 1, 2015. In addition, Advent expects to eliminate approximately 40 roles in the third quarter of 2015, and may eliminate an additional 15 roles over the next 12 months upon the completion of the pending transaction with SS&C Technologies Holdings. Advent is unable to estimate the costs associated with such actions at this point.
June 17, 2015
16:03 EDTADVSDOJ clears SS&C acquisition of Advent
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