GO
Loading...

Enter multiple symbols separated by commas

Stocks Bank of New York Mellon Corp

More

  • The combination of  two storied names in American finance will create a powerhouse in custody services for institutional investors and one of the biggest asset managers.

  • Stocks closed sharply higher on a big day for corporate mergers, but investors may turn their attention back to the economy on Tuesday.

  • Bank Of New York Deal Could Spur More Mergers Monday, 4 Dec 2006 | 4:19 PM ET

    As we've reported --there’s been yet more consolidation in the banking sector. The big deal today of course involves Bank Of New York buying Mellon Financial in an all stock deal worth $16.5 billion. The acquisition creates the world's largest securities servicing and asset management company with more than $1.3 trillion under management.

  • CNBC's Pisani On Mellon/Bank of New York Deal Monday, 4 Dec 2006 | 3:39 PM ET

    Mellon Financial Corp and Bank of New York will be merging in a deal most on the Street feel makes good sense. BK shareholders will get 0.9434 shares in the new company while Mellon shareholders will receive 1 share. The combined company will be the world's largest asset custodian and corporate trustee.

  • M&As Drive Markets Higher in Trading Monday, 4 Dec 2006 | 3:38 PM ET

    Mergers and acquisitions momentum has driven the markets today. Four big deals were initiated: Bank of New York and Mellon Financial; LSI Logic and Agere Systems; Pilgrim’s Pride and Gold Kist; and Station Casinos got a buyout offer from a group including its chairman for $4.7 billion.

  • CNBC's Schacknow: Our Day On Alerts Desk Monday, 4 Dec 2006 | 3:20 PM ET

    Greetings from the Breaking News Desk. It’s one of the most exciting areas of CNBC and at the same time, the scariest. “Get it on” and “get it right” are our two most important and often conflicting requirements. That’s, in part, why I’ve subtitled our internal guide to working at this desk “How To Break News Before It Breaks You”.

  • 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.