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Prospect News home > News index > List of issuers T > Headlines for Tenders 2010 > News item |
DST Systems buys back $155 million of convertibles at discount in H1
By Susanna Moon
Chicago, Aug. 6 - DST Systems, Inc. repurchased $67.7 million principal amount of its series A senior convertible debentures, $8.8 million principal amount of its series B convertible debentures and $78.5 million principal of its series C senior convertible debentures during the six months ended June 30, according to a 10-Q filing with the Securities and Exchange Commission.
During the three and six months ended June 30, the company recorded a gain of $700,000 and $100,000, respectively, associated with the repurchase of the company's senior convertible debentures at a discount to carrying value.
During the three and six months ended June 30, 2009, the company recorded a gain of $2.1 million and $5.8 million, respectively, associated with the repurchase of the convertibles at a discount.
DST is a Kansas City, Mo., provider of information processing and software services.
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