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Monday, November 26, 2012

DST May Sell Off Assets

News summary by MFWire's editors

It looks like big things are happening at DST.

According to a Barron's article, the firm appears to be beginning to monetize its non-core assets, which are believed to be worth around $1 billion after taxes. The report notes that in the past year, DST has sold $309 million of its investments.

Barron's reporter David Englander quotes new DST CEO Steve Hooley as saying the firm could sell it's $450-million stake in State Street "should we desire to." That quote came from a conference call at the end of last month.

The article goes on to give a more full picture of what DST's business model and current outlook is.

To read those details, go to the original article here

Edited by: Ben Geier


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