We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

BoNY bonus

4 December 2006 By Lauren Silva

By structuring the deal to take advantage of Mellon s higher rating, Bank of NY avoids paying much of a premium for its smaller $17bn rival. That means the substantial savings with a net present value of more than $4bn flow to the shareholders of both Mellon and Bank of NY.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)