State Street 8-K 2010
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): May 17, 2010
State Street Corporation
(Exact name of registrant as specified in its charter)
(Registrants telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2 below):
On May 17, 2010, State Street Corporation completed its previously announced acquisition of Intesa Sanpaolos Securities Services business (ISPSS) for 1.28 billion in cash, financed through available capital. The acquisition includes the global custody, depository banking, correspondent banking (banca corrispondente) and fund administration portions of the ISPSS business, with operations in Italy and Luxembourg. It also includes a long-term investment servicing agreement with Intesa Sanpaolo for State Street to service its investment management affiliates, including Eurizon Capital. State Street will support the acquired ISPSS balance sheet with approximately 450 million of additional capital, subject to a closing adjustment mechanism.
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: May 17, 2010