The Best Big Companies: Bank of New York

Merger with Mellon:
Talks of a merger began when Tom Renyi approached Robert Kelly about a possible amalgamation between the Bank of New York and Mellon Financial Corporation. The $16.5 billion deal was finalized on the 1 July 2007. Per the deal, the new Board of Directors is composed of ten directors appointed by the Bank of New York, and eight by Mellon. The Bank of New York Mellon launched its new brand identity on 1 October 2007.

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