NEW YORK (

TheStreet

) --

DST Systems

(DST)

, a provider of information processing and software services, has received several buyout overtures from private-equity firms in recent months,

Reuters

reported, citing people with knowledge of the situation.

One offer was led by activist investor Russell Glass, who told

Reuters

he had teamed up with a private-equity firm and approached DST within the last 30 days to talk about a buyout in the mid-$60s per share range.

DST also held discussions in March and April with another private-equity firm that was also willing to make a bid in the mid-$60s price range, a source close to the situation told

Reuters

TheStreet Recommends

.

Shares of DST closed Tuesday at $48.31, up 88 cents, or $1.9%.

Glass, who has taken a minority position in DST within the past two years, told

Reuters

he was rebuffed by DST's management because the company didn't want to sell while it is grossly undervalued.

A bid of $65 a share would value DST at about $3 billion, or a 35% premium to its closing price on Tuesday, according to

Reuters

. In 2007, DST shares traded around $83 a share.

-- Written by Joseph Woelfel

>To contact the writer of this article, click here:

Joseph Woelfel

>To submit a news tip, send an email to:

tips@thestreet.com

.