15 December 2017
visit www.solutions.lexisnexis.com

DST Systems Inc and Janus in stake sale talks

30 April 2003  |  1084 views  |  0 DST Systems Inc and Janus in stake sale talks

DST Systems Inc is in talks with Janus Capital about acquiring Janus' 33% stake in the US mutual fund technology vendor.

In a joint statment, the two companies say they are discussing potential transactions, including a tax-free reorganisation, that could result in DST acquiring all or a portion of the 39.7 million shares (approximately 33%) of DST common stock currently owned by Janus Capital Group.

"The discussions are preliminary and no agreement has been reached," say the companies.

News of the talks emerged as Denver-based Janus reported a 60% slide in quarterly profits as assets tumbled amid the market downturn.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.aciworldwide.comvisit www.niceactimize.comvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10197 views comments | 16 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
9354 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8948 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7593 views comments | 20 tweets | 11 linkedin
Australian Government amends AML rules to cover digital currenciesAustralian Government amends AML rules to...
7222 views comments | 15 tweets | 24 linkedin

Featured job

Competitive
Germany, Austria or Switzerland

Find your next job