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Stocks Bank of New York Mellon Corp


  • Bank Of New York To Buy Mellon Financial Monday, 4 Dec 2006 | 9:30 AM ET

    A bit more on this M&A Monday--we mentioned LSI  Logic buying Agere Systems. Now it's the Bank of New York announcing its intentions to buy Mellon Financial for $16.5 billion dollars in stock. The new company will have $1.1 trillion dollars in assets under management – making it one of the top 10 asset managers in the world.