DST Systems, Inc. (NYSE: DST) said it has priced a previously announced underwritten secondary offering by the Argyros Family Trust and certain of its affiliates of 5,357,200 shares of DST Systems´ common stock at a price of USD84.00 per share.
The Argyros Group will receive all of the proceeds from this offering. No shares of common stock are being sold by DST Systems. DST Systems´ obligation to consummate its previously announced repurchase of common stock from the Argyros Group at a price of USD82.32 per share is conditioned on the completion of this secondary offering.
BofA Merrill Lynch and Morgan Stanley are acting as the joint bookrunners for the offering.