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Broadridge Closes DST’s North American Customer Communications Business Acquisition

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Courtesy of Benzinga.

Broadridge Closes DST's North American Customer Communications Business Acquisition

Broadridge Financial Solutions, Inc. (NYSE: BR) revealed that it closed its previously-announced acquisition of the North American Customer Communications business of DST Systems, Inc. (NYSE: DST) for $410 million in cash. The company said that it was subject to post-closing adjustments.

Broadridge said that the NACC business would be rechristened as Broadridge Customer Communications and merged into its investor communication solutions segment.

Related Link: DST Systems Divestiture Will Free Lots Of Cash: Here’s How They Might Spend It

The company added that the merged entity establishes North America’s premier customer communications technology platform for print and digital, further improving its position as a leading provider of multi-channel communications.

At Time Of Writing…

  • Broadridge was up 0.49 percent on the day, trading at $65.48.
  • DST was up 1.14 percent on the day, trading at $117.64.

Posted-In: News M&A Movers

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