Federal Antitrust Regulators on Wednesday cleared Bank of New York Mellon Corp.'s $2.3 billion purchase of PNC Financial Services Group's investment services division. The bank of New York Mellon Corporation trades on the “New York Stock Exchange” under the stock symbol “BK”. For the Latest information regarding “BK”, make sure to visit the Most Exclusive and In Depth newsletter website at: http://www.wallstreetgrand.com/.
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Federal Antitrust Regulators on Wednesday cleared Bank of New York Mellon Corp.'s (NYSE:BK) $2.3 billion purchase of PNC Financial Services Group's (NYSE:PNC) investment services division.
The sale of the division was announced last month, the same day PNC Financial said it would pay back $7.6 billion in bailout funds from the federal government.
The Federal Trade Commission included the deal on a list release Wednesday of transactions that received an "early termination" of their antitrust reviews. Early termination refers to the completion of a review by the FTC or Justice Department before the end of a 30-day period required under antitrust law.
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