Colony NorthStar to Combine Retail Distribution Business with S2K Financial Holdings
COLONY NORTHSTAR INC (CLNS)
Last colony northstar inc earnings: 5/10 06:30 am
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Source: Business Wire
LOS ANGELES & NEW YORK--(BUSINESS WIRE)-- Colony NorthStar, Inc. (NYSE:CLNS) and/or its subsidiaries (“Colony NorthStar”) bolstered its commitment to its retail distribution platform today by signing a non-binding letter of intent with S2K Financial Holdings LLC (“S2K”) regarding the combination of Colony NorthStar’s broker-dealer, NorthStar Securities, LLC (“NorthStar Securities”) with S2K to create a market leading broker-dealer retail distribution business (the “Proposed Transaction”). S2K is the holding company of S2K Financial LLC, a registered broker-dealer wholesale distributor of investment vehicles and funds, and S2K Servicing LLC, a provider of administrative services to institutional investment managers. The Proposed Transaction would include Colony NorthStar contributing its broker-dealer, NorthStar Securities, in exchange for a majority ownership interest in S2K, which would be rebranded as Colon
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