Computershare Limited (ASX:CPU) gained yesterday after the share registry said it has agreed to make two acquisitions.
Computershare will buy Melbourne-based utility services company, Serviceworks Group, for an initial consideration of $54.3 million, also, US-based mortgage services provider, Specialized Loan Servicing, for an initial consideration of $109.5 million.
Computershare believes the two new businesses are well positioned to benefit from regulatory change in the markets for the services they provide.
Shares in Computershare closed at $7.19 yesterday after gaining 3.3 per cent.
Earlier this month Computershare reported a 10 per cent fall in its full 2011 net profit, coming in at $250 million.
CPU Price at posting:
$7.19 Sentiment: None Disclosure: Held
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