SAN DIEGO, Jan. 11, 2018 /PRNewswire/ -- Shareholder rights law firm Johnson Fistel, LLP has launched an investigation into whether the board members of DST Systems, Inc. ("DST") (NYSE: DST) breached their fiduciary duties in connection with the proposed sale of the Company to SS&C Technologies Holdings, Inc. (SS&C) (NASDAQ: SSNC). DST provides technology-based information processing and servicing solutions.
On January 11, 2018, DST announced that it had signed a definitive merger agreement with SS&C. Under the terms, SS&C will acquire DST for $84.00 per share in cash.
The investigation concerns whether the DST board failed to satisfy its duties to the Company shareholders, including whether the board adequately pursued alternatives to the acquisition and whether the board obtained the best price possible for DST shares of common stock.
If you are a shareholder of DST and believe the proposed buyout price is too low, or you're interested in learning more about the investigation or your legal rights and remedies, please contact lead analyst Jim Baker (email@example.com) at 619-814-4471. If emailing, please include a phone number.
About Johnson Fistel, LLP:
Johnson Fistel, LLP is a nationally recognized shareholder rights law firm with offices in California, New York and Georgia. The firm represents individual and institutional investors in shareholder derivative and securities class action lawsuits. For more information about the firm and its attorneys, please visit http://www.johnsonfistel.com. Attorney advertising. Past results do not guarantee future outcomes.
SOURCE Johnson Fistel, LLP