RTTNews | Apr 27, 2021 09:54AM EDT

09:54 Tuesday, April 27, 2021 (RTTNews.com) - Shares of SS&C Technologies Holdings Inc. (SSNC) reached a 52-week high of $75.94 Tuesday morning, and are currently trading at $73.80, up $1.80 or 2.50%, with trading volume of over 445K versus an average volume of 1.41 million shares.

The company announced that it has amended the Scheme Implementation Deed with Mainstream Group Holdings Ltd. to provide for an acquisition by SS&C of 100% of the shares and outstanding equity rights in Mainstream for A$2.25 per security pursuant to a scheme of arrangement.

In the absence of a superior proposal, and subject to the independent expert concluding that the revised scheme is in the best interests of Mainstream shareholders, being customary carve-outs, the board of directors of Mainstream intends to support the revised scheme of arrangement on that basis.

SS&C has agreed to increase the consideration payable under the scheme after receipt by Mainstream of a non-binding indicative cash offer of $2.20 per security from a third party. As a consequence of such increase and related amendments, Mainstream has terminated any discussions with such third party.

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