Computershare chairman Chris Morris and chief executive Stuart Crosby would be well within their rights to pop the champagne after sealing the biggest acquisition in the company’s history, one that’s been 10 years in the making. Computershare won the approval of The Bank of New York Mellon Corporation to acquire its Shareholder Services Business in April for $US550 million ($530 million), taking advantage of a strong currency and turbulent market conditions. At the time the deal was first announced, analysts suggested that Computershare could run into some regulatory hurdles, and it has taken some time for clearance to be achieved. But now Computershare – already the largest share registry services provider in the world – will see its US footprint expand significantly.
CPU Price at posting:
$8.44 Sentiment: Buy Disclosure: Held
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