MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Wednesday, June 16, 2004 Janus Sells Last of DST Stake Janus Capital has sold its remaining stake in DST Systems, Inc. The Denver-based fund firm had held 9 percent of DST shares following its initial divesture last year. At one time Janus and its predecessor Stilwell Financial owned 34 percent of DST. Janus revealed the sale in an 8-k filing with the SEC. According to the filing Janus sold its remaining shares to an unidentified buyer on Monday for $336 million. The fund firm will release a $208 million after tax gain on the sale. The transaction will give boost Janus' second quarter earnings by $228 million, or $100 million after taxes. Printed from: MFWire.com/story.asp?s=7421 Copyright 2004, InvestmentWires, Inc. All Rights Reserved |