Mellon Bank Corp. said last week it planned to sell five million common shares to support a pair of recently announced acquisitions.
The issue would raise some $270 million at Mellon's current stock price of about $54.
Limited Time Offer
Save $400 off your subscription. Special offer ends April 30, 2017.
14-Day Free Trial
No credit card required. Complete access to articles, breaking news and industry data.
Have an account? Sign In