DST Systems has signed a definitive agreement to acquire ALPS for $250 million in cash. Once the deal closes, which is expected in the fourth quarter, ALPS will be marketed as “ALPS, a DST Company.”

ALPS employs 300 people out of Denver, Boston, New York and Seattle and had more than $3.274 billion in assets under management at the end of 2010. It is the holding company of ALPS Fund Services, ALPS Distributors and ALPS Advisors.

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