DST Systems Inc (DST.N)

DST.N on New York Stock Exchange

14 Dec 2017
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$-0.26 (-0.43%)
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Latest Key Developments (Source: Significant Developments)

DST Systems files for potential mixed shelf offering, size not disclosed
Wednesday, 10 May 2017 

May 9 (Reuters) - DST Systems Inc :Files for potential mixed shelf offering; size not disclosed - sec filing.  Full Article

DST announces strategic alliance with Frost Data Capital to drive accelerated data innovation
Thursday, 29 Sep 2016 

Dst Systems Inc : DST announces strategic alliance with Frost Data Capital to drive accelerated data innovation .DST and Frost are targeting creation of two to four startup companies over next twelve months.  Full Article

DST Systems reports Q2 earnings per share $1.58
Thursday, 21 Jul 2016 

DST Systems Inc : Announces second quarter 2016 financial results . Q2 adjusted non-GAAP earnings per share $1.42 from continuing operations excluding items . Q2 revenue rose 7 percent to $373.9 million . Q2 earnings per share view $1.37 -- Thomson Reuters I/B/E/S . Q2 earnings per share $1.58 . Implemented restructuring to reduce workforce and consolidate certain facilities to enhance operational efficiency within financial services segment .Anticipates restructuring will result in annual pretax operating cost savings of approximately $22.0 to $24.0 million.  Full Article

Broadridge to acquire DST's North American customer communications business
Tuesday, 14 Jun 2016 

Broadridge Financial Solutions Inc : Says expects to achieve approximately $20 million in annualized cost synergies within 18-30 months of closing . Expects acquisition to be $0.09 to $0.13 per share accretive on a gaap basis in second year. . Gaap adjusted basis in second year from deal . Expects acquisition to be $0.11 to $0.14 per share accretive on a non-gaap adjusted basis in first year . Senior management, led by mike abbaei, head of dst's customer communications business, will be joining broadridge .Broadridge agrees to acquire dst's north american customer communications business.  Full Article

DST agrees to sell North American customer communications business for $410 mln
Tuesday, 14 Jun 2016 

Dst Systems Inc : Deal for $410.0 million . Dst estimates that pending sale of nacc business will result in after-tax proceeds of approximately $310.0 millio . To sell its north american customer communications business to broadridge financial solutions, inc . Once completed, north american transaction expected to result in reduction to dst's eps of about $1.15 on annual basis . Board of directors of dst authorized a new $300.0 million share repurchase plan. . Dst systems inc Full Article

DST Systems Inc's announces completion of Kaufman Rossin Fund Services acquisition
Thursday, 25 Feb 2016 

DST Systems:ALPS, a DST company completed the previously announced acquisition of alternative fund service provider Kaufman Rossin Fund Services.Combined organization intends to retain the ALPS brand.Metronome Partners acted as financial advisor and Stearns Weaver Miller Weissler Alhadeff & Sitterson acted as legal counsel to KRFS on the transaction.Morrison & Foerster acted as legal counsel to DST and ALPS on the transaction.  Full Article