March 24 (Reuters) - Investment-related services provider Computershare Ltd (CPU) said on Wednesday it would acquire U.S.-based trust services provider Wells Fargo Corporate Trust Services for $750 million.
The Melbourne-based company also announced an A$835 million ($637.11 million) entitlement offer to help fund the acquisition.
The acquisition is expected to be accretive to earnings per share by at least 15% on a constant currency and pro forma basis, the company said in a statement, adding that the acquired entity would generate a return of over 15% on invested capital by FY25.
Computershare also expects $80 million in pretax annual cost savings over a five-year period after the completion of the acquisition. ($1 = 1.3106 Australian dollars)
News: CPU Australia's Computershare agrees to acquire Wells Fargo Corporate Trust Services
Add to My Watchlist
What is My Watchlist?
 (20min delay)
|
|||||
|
Last
$37.46 |
Change
0.250(0.67%) |
Mkt cap ! $21.66B | |||
| Open | High | Low | Value | Volume |
| $37.30 | $37.76 | $37.22 | $35.45M | 947.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 32102 | $37.42 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $37.47 | 383 | 1 |
View Market Depth
| Last trade - 16.11pm 05/09/2025 (20 minute delay) ? |
| CPU (ASX) Chart |