Penson Worldwide (NASDAQ: PNSN [FREE Stock Trend Analysis]) 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. Penson will realize a gain of approximately USD $14 million from the sale. The sale is expected to close in the fourth quarter of 2011. Read more: http://www.benzinga.com/news/11/11/...ny-mellons-pershing-unit-for-au#ixzz1f0T1Gl4u