Computershare (ASX: CPU) provides technology systems and services for the international securities industry. Its core services comprise the provision of shareholder registry services, employee share plans and associated services such as printing and share registry analytical services.
Computershare’s US$550 million takeover of Bank of New York Mellon Corp’s investor service business has been approved by U.S regulators.
This deal expected to be completed around the 1st of January and will make CPU the largest provider of share-registry services in the world.
Computershare is one of the hot stocks of the day up around 15%.