DST Systems Off Highs As Markets Weaken

DST Systems, Inc. DST shares are off their highs despite the company receiving a buyout offer, according to Reuters. Reuters report that the the company, which sells data- processing software and services, received offers from private-equity firms. According to people close to the situation, RDG Capital supposedly offered DST a deal in the “mid-$60” per share range, but was subsequently rejected. At last check, shares of DST were trading at $54.88, up $6.57‎ or 13.60%‎, but had reached a high of $59.41 earlier in the session. DST Systems, Inc. provides information processing and software services and products. It operates in two segments, Financial Services and Output Solutions.