SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been in the limelight ever since the company announced that it would buy DST Systems Inc (DST.N) in a $5.4 billion deal, expanding its financial technology software prowess through its largest deal to date. SS&C plans to fund the acquisition and refinance existing debt with a combination of debt and equity.
But looks like there could be more to this buyout. Yesterday, Bragar Eagel & Squire, P.C announced that it is investigating potential claims on behalf of DST Systems, Inc. (NYSE: DST) stockholders concerning the proposed acquisition of the company by SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). To add fuel to the fire, Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of DST Systems, Inc. (“DST”) (NYSE: DST) concerning the merger with SS&C Technologies Holdings, Inc. Under the terms of the agreement, valued at approximately $5.4 billion, DST shareholders will only receive $84.00 per DST share held.
It would be interesting to see if any inconsistencies are found by these attornies.
Published by Benjamin Roussey
Benjamin Roussey is from Sacramento, California. He has two master’s degrees and served four years in the U.S. Navy. His bachelor’s degree is from CSUS (1999) where he was on a baseball pitching scholarship. His second master’s degree is an MBA in Global Management from the University of Phoenix (2006). He has worked for small businesses, public agencies, and large corporations. He has lived in Korea and Saudi Arabia where he was an ESL instructor. Benjamin spends his time in between Northern California and Cabo San Lucas, Mexico, committing himself to his craft of freelance and website writing.
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