Press release
SS&C Announces $500 Million Common Stock Repurchase Program
WINDSOR, Conn., Aug. 8, 2019 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that as part of the Company's long-term
About this update from Ss&c Technologies Holdings, Inc.
[{"type":"text","content":"WINDSOR, Conn., Aug. 8, 2019 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced that as part of the Company's long-term strategy to maximize stockholder value, its Board of Directors authorized the repurchase of up to $500 million of the Company's common stock from time to time in one or more transactions on the open market or in privately negotiated purchases.\n\n \nThe timing and amount of any shares repurchased will be determined by the Company's management based on its evaluation of market conditions and other factors. Repurchases may also be made under a Rule 10b5-1 plan, which would permit shares to be repurchased when the Company might otherwise be precluded from doing so under insider trading laws. The repurchase program may be suspended or discontinued at any time. Any repurchased shares will be available for use in connection with SS&C's stock plans and for other corporate purposes.\n\"This repurchase program demonstrates the Board's confidence in our current and future prospects. We will opportunistically repurchase our stock, while maintaining ample liquidity to have the flexibility to support our growth,\" said Bill Stone, Chairman and Chief Executive Officer, SS&C Technologies.\nForward-Looking Statements\nCertain information contained in this press release constitute forward-looking statements for purposes of the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, expectations, intentions, projections, developments, future events, performance, underlying assumptions, and other statements that are other than statements of historical facts. Without limiting the foregoing, the words \"believes\", \"anticipates\", \"plans\", \"expects\", \"estimates\", \"projects\", \"forecasts\", \"may\", \"assume\", \"intend\", \"will\", \"continue\", \"opportunity\", \"predict\", \"potential\", \"future\", \"guarantee\", \"likely\", \"target\", \"indicate\", \"would\", \"could\" and \"should\" and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements are accompanied by such words. Such statements reflect management's best judgment based on factors currently known but are subject to risks and uncertainties,...