Getting your player ready...
DST Systems on Tuesday agreed to acquire Denver-based ALPS Holdings for $250 million in cash, adding a suite of investment- management services to the information-technology company’s holdings.
ALPS managed more than $3.275 billion in assets and serviced more than $291 billion in client assets at the end of last year. ALPS’ asset-servicing segment allows other companies to outsource fund administration, accounting and compliance tasks, among other services. DST expects the deal to close in the fourth quarter.
