BUZZ-Australia's Computershare rises on deal with Canadian Western Bank

Tue Mar 3, 2015 7:34pm EST
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Victoria-based Computershare Ltd's shares rise as much as 1.2 pct to highest since Aug. 1

** Company announces that it has agreed terms for acquisition of Valiant Trust Company assests from Canadian Western Bank for C$33 million ($26 million)

** Valiant provides transfer agency, corporate trust and employee share plan services across the Canadian market.

** Computershare has an ROE of 21.2 pct, significantly outperforming the sector average of 12.1 pct ($1 = 1.2490 Canadian dollars) (arnab.paul.thomsonreuters.com@reuters.net)