Moniker “BoNY M” cited as evidence of lack of forethought in BNY/Mellon Merger
Dec 8th, 2006 | Filed under: Today's PostIPE.com reports today that some clients aren’t comfortable with the merger between Bank of New York and Mellon Financial. As evidence of what IPE.com says might be a rush to the alter, it cites how the merged company now shares the same name as 80’s Euro-disco band “Boney M“. Says IPE.com:
“The fact the deal was done in five to six weeks – and that the PR own goal of the BoNY M name was allowed to pass – is seen as evidence that it was put together too fast.”
“Own goal” indeed.
Email This Post
Print This Post
Related Posts
- Mellon: Retail investors showing “a lot of interest” in what institutions are doing with hedge funds
- Mellon to sell off its HBV hedge fund arm
- Is Merger Arbitrage going the way of the dodo?
- Alternative Viewpoints: Due to funds’ lack of persistence, the Sharpe ratio has no validity as an investment decision tool
- In departure from tradition, merger arb funds now seem to be hitching their wagons to the S&P
