Kansas City Southern Industries Amends DST Tender Offer, DST Board Recommends Acceptance

Amended tender offer materials were filed Wednesday with the Securities and Exchange Commission, and will be mailed to shareholders of DST Systems Inc., reflecting revised terms of a proposed acquisition by Kansas City Southern Industries Inc. of the minority common stock interest in DST, resulting...

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Bibliographic Details
Published inBusiness Wire p. 1
Main Authors Rowland, Landon H, Mauro, Albert P
Format Newsletter
LanguageEnglish
Published New York Business Wire 06.06.1990
Subjects
Holding companies
Litigation
McDonnell, Thomas A
Midwest
Railroads
Stock prices
Tender offers
Kansas City
MO
US
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Summary:Amended tender offer materials were filed Wednesday with the Securities and Exchange Commission, and will be mailed to shareholders of DST Systems Inc., reflecting revised terms of a proposed acquisition by Kansas City Southern Industries Inc. of the minority common stock interest in DST, resulting from an agreement and plan of merger entered into yesterday by the two companies. The amended offer increases the cash purchase price to be paid to DST shareholders, from $14 per share to $15.85, eliminates certain conditions, and changes others, set forth in the original proposal made by KCSI on May 23, 1990. (excerpt)