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Broadridge Financial Agrees to Acquire Business Unit from DST for $410M Cash

Posted: Tue Jun 14, 2016 7:15 am
by kreslik.news

On the heels of the latest acquisition announced by Broadridge Financial Solutions Inc. yesterday for 4sight Financial Software Limited – which Finance Magnates reported, the company has since unveiled yet another purchase as it agreed to acquire DST’s North American Customer Communications (NACC) business for $410 million in cash, as per an official corporate statement regarding the deal.

With $1.1billion in total revenue for its fiscal year 2015, NACC is the largest transactional printer in North America and a business of DST Systems Inc. – a company listed on the NYSE under ticker DST – from which ... (read more)