Computershare has disclosed its intention to divest its U.S.

Mortgage Services Business.

The deal is estimated at a consideration of US$720 million and it was announced that a definitive agreement for the deal has been signed with Rithm Market Announcement Capital Corp.

The completion of this transaction is anticipated to take place in early Q4 FY24.

Furthermore, the transaction is expected to increase Earnings per Share (EPS) in the first full year following divestment.

Computershare (ASX:CPU) is a global leader in transfer agency, employee equity plans, proxy solicitation and stakeholder communications.