SS&C in talks to buy DST Systems for over $5 bn, says sources

SS&C Technologies Holdings is in advanced talks to acquire DST Systems for more than $5 billion, as it seeks to expand its footprint in financial technology software, people familiar with the matter said on Wednesday. The deal would bolster SS&C’s offerings in technology infrastructure servicing financial institutions such as asset managers, but would also allow it to enter the healthcare information technology market, in which DST is active. SS&C is negotiating acquiring DST for around $84 per share in cash, the sources said.