What happened to CPU Shareowner Services?


Quick Answer

The Bank of New York Mellon Corporation sold its CPU Shareowner Services division to Computershare Limited on January 3, 2012, according to a BNY Mellon Corporation press release. As a result, the CPU Shareowner Services user base is managed by Computershare Limited, an Australian stock transfer company, as of 2015.

Continue Reading

Full Answer

Computershare Limited's website states that it started out as an Australian corporation that has since expanded its operations to other countries, inlcuding Canada, the United Kingdom and the United States, by purchasing its competitors. Its purchase of CPU Shareowner Services was intended to strengthen its presence in the United States by bringing more than 1,000 issuers into its client base. Furthermore, Computershare Limited sought the CPU Shareowner Services expertise and experience in its shared fields, which were meant to bolster its own technological advantages.

Those interested in continuing to use CPU Shareowner Services can visit the Computershare Limited website. However, the CPU Shareowner Services website also redirects the visitor to the Account Access page of the Computershare Limited website. Once there, interested individuals can log in as either an employee stock plan participant or as a registered shareholder, which enables them to buy, sell and transfer stock shares as before.

Learn more about Investing

Related Questions