The Company intends to use a portion of the net proceeds, together with the proceeds from debt financing transactions, to finance its pending acquisition of Advent Software, Inc. („Advent“) and to use the remaining net proceeds for general corporate purposes. Completion of the offering is not contingent upon consummation of the acquisition of Advent or the terms of the acquisition.
The 6 foot 7 forward was the No. 1 overall pick Sunday in the NBA Development League draft by the Erie BayHawks, an Orlando Magic affiliate. Brown was a second round selection by the Lakers in 2015, appeared in 29 games and started 11 in the NBA last season, and will head to Pennsylvania on Monday for training camp and what he called „a fresh start.“.
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