Bank of New York Mellon (BK) Prices 42M Shares at $28.75/Share
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The Bank of New York Mellon Corporation (NYSE: BK) announced it has priced an upsized $1.2 billion offering of 42 million shares of its common stock at $28.75 per share. The underwriters will have a 30-day option to purchase up to an additional 6.3 million shares of the company's common stock.
Goldman, Sachs & Co. and Morgan Stanley are serving as joint bookrunning managers for the offering. Barclays Capital Inc.; BNY Mellon Capital Markets, LLC; Citigroup Global Markets Inc.; Merrill Lynch & Co.; and UBS Securities LLC are acting as co-managers for the offering.
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