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Penson Worldwide, Inc. to Sell Australian Operation to BNY Mellon’s Pershing Unit

SYDNEY & DALLAS--(BUSINESS WIRE)--Penson Worldwide, Inc. (NASDAQ: PNSN) and BNY Mellon Company (NYSE: BK) announced today that they have signed a definitive agreement for the acquisition of Penson’s Australian subsidiary, Penson Financial Services Australia Pty Ltd (PFSA) in a share purchase transaction for the purchase price of approximately AUD $33 million. PFSA will become an affiliate of Pershing, a BNY Mellon company.