SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) has been in the limelight ever since the company announced that it would buy DST Systems Inc (DST.N) in a $5.4 billion deal, expanding its financial technology software prowess through its largest deal to date. SS&C plans to fund the acquisition and refinance existing debt with a combination of debt and equity.
But looks like there could be more to this buyout. Yesterday, Bragar Eagel & Squire, P.C announced that it is investigating potential claims on behalf of DST Systems, Inc. (NYSE: DST) stockholders concerning the proposed acquisition of the company by SS&C Technologies Holdings, Inc. (NASDAQ:SSNC). To add fuel to the fire, Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of DST Systems, Inc. (“DST”) (NYSE: DST) concerning the merger with SS&C Technologies Holdings, Inc. Under the terms of the agreement, valued at approximately $5.4 billion, DST shareholders will only receive $84.00 per DST share held.
It would be interesting to see if any inconsistencies are found by these attornies.