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SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) could crash and here’s why

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.

Published by Neha Gupta

Swati has worked in diverse capacities from financial research to currency trading in a span of 3 years.

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