Bank of New York to Buy Mellon for .5 Billion - Mergers, Acquisitions, Venture Capital, Hedge Funds -- DealBook - New York Times:
"Bank of New York plans to acquire Mellon Financial of Pittsburgh in a $16.5 billion stock transaction that would create the world’s largest securities-servicing firm, the companies said early Monday. The combined entity would be called Bank of New York Mellon and have annual revenue of more than $12 billion, according to a joint press release on the two banks’ Web sites.A few M&A links that might be beneficial/fun:
The boards of both banks have approved the deal, which is expected to close early in the third quarter of 2007, the companies said."
* Gregg Jarrell's into piece on takeovers (virtually required reading for my class!)
BTW I took Jerrell for a class, it was one of my favorite all time classes!
* A classic look at takeovers from Michael Jensen
* A more recent look at the takeover literature by Burkart and Panunzi that also has more of an international flavor.
* A look at some cartoons that focus on takeovers