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Report: DST Systems looking to sell customer communications division

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Report: DST Systems looking to sell customer communications division

DST SystemsInc. in recent months engaged a financial adviser to auction offits customer communications division, TheKansas City Star reported April 7, citing Bloomberg News.

Sources told Bloomberg that the division could be valued atas much as $500 million, according to the report.

Formerly called DST Output, the division is responsible forapproximately 30% of the company's operating revenues, or about $600 million,the news publication noted. Also, about 30% of DST's employees are part of thedivision.

A DST spokeswoman declined to comment on Bloomberg's report,the news outlet said.