23 August 2017
Find out more

DST Systems Inc and Janus in stake sale talks

30 April 2003  |  1057 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.vasco.comdownload the paper nowvisit www.dorsum.eu

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12738 views comments | 27 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
11365 views comments | 22 tweets | 34 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
10523 views comments | 21 tweets | 34 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
10481 views comments | 10 tweets | 8 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10444 views 0 | 6 tweets | 1 linkedin

Featured job

London, UK (or flexible)

Find your next job