Is what you say when the talks get leaked. This go is in the merger playbook that’s been used for years. The merger is all but complete. Layoffs are coming fast and furious. Enjoy.
https://www.investmentnews.com/mergers-acquisitions/talks-between-bank-of-new-york-mellon-northern-trust-have-been-going-on-for-months-source-says/261041
NT will sell...and there will be mass layoffs in Chicago
@pt talks precede the formal offer. Clearly.
BNY approached Northern Trust for merger talks, no formal offer -WSJ
Northern Trust says fully committed to remaining independent
Bank dealmaking expected to increase in 2025 with easing regulatory uncertainty
BNY Mellon shares down 3.8%, Northern Trust shares up 6.3%
BNY's market cap is $65.55 billion, Northern Trust's is $21.76 billion