Bank of New York Mellon (BK +1.4%) agrees to buy Penson Worldwide's (PNSN +0.8%) Australian...

|About: The Bank of New York Mellon... (BK)|By:, SA News Editor

Bank of New York Mellon (BK +1.4%) agrees to buy Penson Worldwide's (PNSN +0.8%) Australian clearing-services unit for $33M. The deal, which will be an affiliate of Mellon's Pershing Australia business, will expand the company's footprint in the land down-under.