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.
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.
SOURCE Computershare Limited