(Reuters) - The Fed said the merger, announced last December, would not
significantly weaken competition in major markets where the
companies compete. U.S. antitrust authorities and shareholders
of both companies previously approved the merger, which still
requires U.S. state and foreign government regulatory
approvals.
Pittsburgh-based Mellon was founded in 1869, and under
financier Andrew Mellon helped finance growth in the U.S. steel
industry. Bank of New York was founded in 1784 by Alexander
Hamilton, later the first U.S. Treasury Secretary.
Read more at Reuters.com Mergers News
significantly weaken competition in major markets where the
companies compete. U.S. antitrust authorities and shareholders
of both companies previously approved the merger, which still
requires U.S. state and foreign government regulatory
approvals.
Pittsburgh-based Mellon was founded in 1869, and under
financier Andrew Mellon helped finance growth in the U.S. steel
industry. Bank of New York was founded in 1784 by Alexander
Hamilton, later the first U.S. Treasury Secretary.
Read more at Reuters.com Mergers News
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