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The DST board has also decided against negotiating with Mr. Glass over the sale of its stake in State Street.
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If DST's board did not accede, Mr. Glass wrote, he would consider taking more forceful action.
Also not clear is if DST would want a board seat with the investment.
Over the last few weeks there have been reports of the company turning down investments at lower valuations, and debate over if the investors would get a coveted Facebook board seat (DST did not).
Facebook ultimately did not have to give up a board seat to DST in return for the cash.
Bottom panel: Dst index.
In the early morning hours of January 16 , 1942 Lombard, her mother, and Winkler boarded a Transcontinental and Western Air Douglas DST aircraft to return to California.
The $910 million post-money valuation round was led by DST Global, whose partner Rahul Mehta will become a board observer, and was joined by Founders Fund and Susa Ventures plus other existing investors.
Bottom panel: variation of the Dst index.
DST Systems, a data processor, said on Friday that its board had decided to deny a request by Russell D. Glass, an activist investor in the company, that he and two others be appointed to the company's board.
Tencent will get a 10.26% stake in DST, 0.51% of total voting power and the right to nominate "one observer" to DST's board of directors.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com