Mellon Bank Corp.'s shares surged more than 5% Thursday on fresh speculation that it would be acquired by Chase Manhattan Corp.

The rumor started flying after a report in The Wall Street Journal that merger talks between the New York banking giant and Merrill Lynch & Co. had fallen through.

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.