DST Systems reportedly in talks to sell for $5.6 billion

Nasdaq halted trading in shares of Kansas City-based DST Systems Wednesday after an unconfirmed report the company may be sold.

Shares jumped more than 20 percent after trading resumed. A DST spokeswoman said the company would not comment on rumors.

Reuters, citing people familiar with the situation, reported that Connecticut-based SS&C Technologies Holdings Inc. was in “advanced talks” to buy DST for about $5.6 billion, or $84 per share. DST has roughly 4,000 employees in the Kansas City area and about 16,000 total.

Those sources said a deal could be announced this week if “negotiations are successful.”

Read more: Kansas City Star, Kansas City Business Journal

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