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.