Deal Details
Follow-On Offering
Summary
Baird served as a senior co-manager on this offering
About
DST Systems, Inc. (“DST” or the “Company”) (NYSE: DST) recently completed a follow-on offering of 5,357,200 shares of common stock at a price of $84.00 per share, generating gross proceeds of $450 million. All of the shares offered were sold by selling shareholders of DST, specifically the Argyros Group. The Company will not receive any proceeds from the sale of shares in the offering.DST is a leading provider of proprietary technology-based information processing and servicing solutions to many of the largest financial services and healthcare companies around the world. The Company’s services include transaction processing, business process outsourcing, ancillary consulting and professional services, information technology services, integrated print, mail and electric customer communications solutions and data analytics. DST was established in 1969 and is headquartered in Kansas City, Missouri.
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- Date
- May 2014
- Company
- DST Systems, Inc.
- Transaction
- M&A
- Sectors
- Technology & Services
- Target Geography
- North America
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