KANSAS CITY, Mo., May 8, 2014 /PRNewswire/ -- DST Systems, Inc. ("DST Systems") (NYSE: DST) announced today the pricing of the previously announced underwritten secondary offering by the Argyros Family Trust and certain of its affiliates (the "Argyros Group") of 5,357,200 shares of DST Systems' common stock at a price of $84.00 per share pursuant to DST Systems' shelf registration statement filed with the Securities and Exchange Commission ("SEC"). The Argyros Group will receive all of the proceeds from this offering. No shares of common stock are being sold by DST Systems. DST Systems' obligation to consummate its previously announced repurchase of common stock from the Argyros Group at a price of $82.32 per share is conditioned on the completion of this secondary offering.
BofA Merrill Lynch and Morgan Stanley are acting as the joint bookrunners for the offering.
A shelf registration statement, including a prospectus, with respect to the offering was filed by DST Systems with the SEC and became effective on May 5, 2014. A preliminary prospectus relating to the offering has been filed with the SEC. The offering will be made only by means of a prospectus supplement and accompanying base prospectus. Copies of the prospectus supplement and the accompanying prospectus relating to these securities may be obtained without charge from BofA Merrill Lynch, Attn: Prospectus Department, 222 Broadway, New York, New York 10038, email: [email protected] and Morgan Stanley & Co. LLC, Attn: Prospectus Department, 180 Varick Street, 2nd Floor, New York, New York 10014, email: [email protected]. A copy of the prospectus supplement and accompanying base prospectus may also be obtained without charge by visiting the SEC website at www.sec.gov.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy any security, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.
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Contacts
Media:
Matthew Sherman / Nicholas Lamplough
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
SOURCE DST Systems, Inc.
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