Reed Smith Represents BNY Mellon in $2.31 Billion Acquisition
Longtime Reed Smith client Bank of New York Mellon recently announced its pending acquisition of the global investment servicing business from PNC Financial Services Group for $2.31 billion in cash. The deal makes BNY Mellon the second-largest provider of fund accounting, administration and transfer agency services. The deal is expected to close in the third quarter. We advised BNY Mellon in the deal and Wachtell Lipton Rosen & Katz advised PNC.
