As Mellon Bank Corp. headed into court to halt Bank of New York Co.'s unwanted bid, its shareholders were buzzing Thursday about putting pressure on the company to accept the deal.

Almost 60% of Mellon's stock is held by institutional shareholders, many of whose investment policy committees were weighing whether to make their views known about Bank of New York's $24 billion offer Wednesday.

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.