secwatch.observer — SEC 8-K summary
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Issuer:     SS&C Technologies Holdings Inc (SSNC)
CIK:        0001402436
Form:       8-K
Filed at:   2024-09-12T23:59:59+00:00
Accession:  0000950170-24-105911
Event type: m_and_a
Sentiment:  positive
Materiality: 0.75
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

SS&C to acquire Battea-Class Action Services for ~$670M; expects accretive close in 2024
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- Purchase price approximately $670M, subject to adjustments; expected to close in 2024.
- Battea provides securities class action claims management; serves 900+ banks, asset managers.
- Acquisition funded with up to $650M incremental term A loans and cash on hand.
- Battea's 100+ employees join SS&C GlobeOp; adds litigation research and claims filing.
- SS&C expects transaction to be accretive over next 12 months.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1402436/000095017024105911/0000950170-24-105911-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1402436/000095017024105911/ssnc-20240912.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-105911

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer