NEW YORK, Nov. 6, 2011 /PRNewswire/ -- Computershare
Limited (ASX: CPU), a leading financial services provider for the
global securities industry, announced today that early termination
has been granted under the Hart-Scott-Rodino Antitrust Improvements
Act of 1976, as amended, for the proposed acquisition by
Computershare of the Shareowner Services business of The Bank of
New York Mellon Corporation. The parties are now free to close the
acquisition.
"This is a huge step in one of the most important acquisitions
in Computershare's history," said Stuart
Crosby, CEO and President of Computershare Limited. "Now we
can concentrate on closing this transaction and commence the
integration of BNY Mellon's Shareowner Services business into
Computershare."
Computershare anticipates closing on or around Jan. 1, 2012. Before close of the
acquisition, Computershare will be working with BNY Mellon leaders
to ensure that all stakeholders will be satisfied and comfortable
when the transaction is finalized.
The eventual acquisition will bring together two
high-performance, world-class shareholder services providers and
will offer clients and their shareholders the best of both
organizations. BNY Mellon Shareowner Services has highly talented
people with deep operational and industry experience that will help
Computershare realize innovation, cost and service synergies from
all parts of the business model – from integration and
consolidation to adopting best practices.
Computershare has a successful and proven approach with
acquisitions and conversion programs. "We will continue to deliver
high quality service levels without compromise throughout any
business integration," said Steven
Rothbloom, CEO and President of Computershare's US
region.
"Today's announcement is fantastic news for our clients and
employees, who are that much closer to working with and being part
of Computershare, an industry leader in shareholder servicing,"
said Samir Pandiri, CEO of BNY
Mellon Shareowner Services.
About Computershare
Computershare (ASX:CPU) is a global market leader in transfer
agency and share registration, employee equity plans, proxy
solicitation and stakeholder communications. We also specialize in
corporate trust services, tax voucher solutions, bankruptcy
administration and a range of other diversified financial and
governance services.
Founded in 1978, Computershare is renowned for its expertise in
data management, high volume transaction processing, payments and
stakeholder engagement. Many of the world's leading organizations
use these core competencies to help maximize the value of
relationships with their investors, employees, creditors, members
and customers.
Computershare is represented in all major financial markets and
has over 10,000 employees worldwide.
For more information, visit www.computershare.com.
About BNY Mellon Shareowner Services
BNY Mellon Shareowner Services is a world-class provider of
corporate equity solutions for over 950 transfer agent clients and
around 200 employee equity plan customers. BNY Mellon Shareowner
Services offers a broad suite of products and services ranging from
record keeping and corporate actions to demutualizations, dividend
reinvestment administration, meeting services and employee plan
administration. More information about Shareowner Services is
available at www.bnymellon.com/shareownerservices.
Contacts:
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Juli Bark
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EVP, Marketing
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Tel: 1 312 588 4249
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juli.bark@computershare.com
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Jeff Stein
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Media Relations
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Tel: 1 212 805 7271
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jeff.stein@computershare.com
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SOURCE Computershare Limited