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UPDATE: Avondale Partners Downgrades Advent Software (ADVS) to Market Perform, Offer Above $34/Share Unlikely

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Go back to UPDATE: Avondale Partners Downgrades Advent Software (ADVS) to Market Perform, Offer Above $34/Share Unlikely

UPDATE: Advent Software (ADVS) hires Qatalyst to explore sale

March 12, 2013 2:37 PM EDT

(Updated - March 12, 2013 2:40 PM EDT)

Advent Software, Inc. (Nasdaq: ADVS) hires Qatalyst to explore sale, Reuters says.

Advent is said to have attracted attention from several private equity firms and second-round bidding has started.

Shares are up 6.7 percent in active trading Tuesday.... More