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AST wraps up DF King takeover.

MANews-(C)2009-2014

25 June 2014 - US financial market-focused registry services and technology provider American Stock Transfer & Trust Company LLC (AST) said its affiliate AST Fund Solutions LLC has finalised the purchase of domestic stakeholder services provider DF King & Co Inc.

The financial terms of the deal, which was agreed in late May, were not disclosed.

The acquisition, which serves the buyer's growth plan, enables the company to offer better solutions for strategic counsel in proxy contests and communications services across North America and Europe, AST said.

In the following months DF King will be folded into ASTOne, an AST unit that offers proxy solicitation, ownership intelligence and corporate governance services, thus creating an entity that provides a wide range of specialised advisory services, the buyer added.

AST CEO Mark Healy commented that the addition would bring considerable benefits for his firm's clients.

Country: USA

Sector: Business and Consumer Services

Target: DF King & Co Inc

Buyer: American Stock Transfer & Trust Company LLC (AST), AST Fund Solutions LLC

Type: Corporate acquisition

Status: Closed

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Publication:M & A Navigator
Date:Jun 25, 2014
Words:172
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