DST Systems prices secondary offering at USD84

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.

0saves
If you enjoyed this post, please consider leaving a comment or subscribing to the RSS feed to have future articles delivered to your feed reader.

Comments are closed.

Powered by WordPress