Shares of DST Systems Inc. jumped 3.3% in premarket trade Thursday, after the information processing and servicing company agreed to be acquired by SS&C Technologies Holdings Inc. in a deal valued at $5.4 billion, including debt. SS&C shares were still inactive. Under terms of the deal, SS&C will pay $84 a share in cash for each DST share outstanding, which implies a market value of about $5.06 billion for DST. SS&C, a provider of software services for the financial services industry, plans to fund the acquisition, which is expected to close during the third quarter, with a combination of debt and equity. SS&C expects the deal to add immediately to adjusted earnings per share, and result in $150 million in annual cost savings, to be achieved by 2020. DST’s stock has run up 44.5% over the past 12 months, while SS&C shares have soared 52.1% and the S&P 500 has gained 20.8%.
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