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US: DOJ clears SS&C of $2.7 billion antitrust claim

 |  June 18, 2015

The US Department of Justice on Wednesday has ended the waiting period over antitrust concerns in Windsor financial software provider SS&C Technologies Holdings, Inc. proposed $2.7 billion acquisition of California investment software developer Advent Software, Inc.

With the DOJ approval, SS&C expects to complete the merger in the third quarter.

DOJ was reviewing the potential acquisition under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, which is meant to insure than mergers and acquisitions aren’t anticompetitive or harmful to consumers.

Full content: Market Watch

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