April 30, 2003 — Janus Capital Group (JNS) and DST Systems (DST) said yesterday that they are in talks that could result in DST buying some or all of Janus’s stake in the company.
Janus, a mutual fund company, and DST, which provides data processing and software services for financial services companies, said they are discussing potential transactions, including a tax-free reorganization under which DST would acquire all or a portion of the 39.7 million shares of DST common stock owned by Janus. The stake represents about 33% of DST’s stock.
The discussions are preliminary and no agreement has been reached, the companies said.