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.”