Computershare Inks $550M Deal To Snag BNY Mellon Unit

Law360, New York (April 28, 2011, 5:45 PM EDT) -- Buoyed by the strong Australian dollar, Melbourne-based exchange agent Computershare Ltd. has pulled the trigger on a deal to buy the Bank of New York Mellon Corp.'s investor services business for US$550 million, the companies announced Thursday.

With the Australian dollar sitting at about US$1.09, Computershare made the move to swallow its chief U.S. rival in its largest corporate deal ever. When news of the all-cash acquisition hit the markets, Computershare's stock price jumped about 8 percent Thursday afternoon.

"It provides a wonderful opportunity to further...
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