Deal snapshot: DST TO ACQUIRE REMAINING INTEREST IN US, UK JVS FROM STATE STREET FOR USD 332.6M.
US-based strategic advisory, technology, and operations outsourcing company DST Systems, Inc. (NYSE: DST) and US-based financial services firm State Street Corp. (NYSE: STT) have inked definitive agreements for DST to acquire State Street's ownership interest in the Boston Financial Data Services, Inc. joint venture and the International Financial Data Services Ltd. joint venture in the UK, the company said.
BFDS provides shareholder recordkeeping, intermediary and investor services, and regulatory compliance solutions to financial services clients in the United States. IFDS UK is an investor and policy holder administrative services and technology provider to the collective funds, insurance, and retirement industries.
Sector: Banking/Financial Services
Target: State Street stakes in Boston Financial Data Services, International Financial Data Services joint ventures
Buyer: DST Systems
Vendor: DST Systems
Deal size in USD: 332.6m
Type: Corporate Acquisition
Financing: Cash and Stock
Buyer advisor: , ,
|Printer friendly Cite/link Email Feedback|
|Publication:||M & A Navigator|
|Date:||Mar 27, 2017|
|Previous Article:||Deal snapshot: ENERGY TRANSFER PARTNERS FILES PROXY FOR VOTE ON MERGER.|
|Next Article:||KeyW Clears US Antitrust Hurdle in USD 235m Acquisition of Sotera Defense Solutions.|