Home Options Trading Advantage Options – Shares of DST Systems Rise on Takeover Expectations

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Shares of DST Systems (DST) rose sharply in trading on Wednesday after it was reported that the company was being pursued for a $5.6B buyout by SS&C Technologies Inc.  This would translate into a buyout price per share of just over $84 in cash. Negotiations are still in progress. The stock is likely to open near this buyout price since a deal is likely. However, keep an eye on the stock as the buyout price might be increased or negotiations might fall through. DST shares closed at 79.89, up +14.74%.

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