Interesting Twists In BNY Spinoff

Lewis, Janet
July 2006
Investment Dealers' Digest;7/31/2006, Vol. 72 Issue 30, p14
Trade Publication
The article focuses on the three-way deal that has resulted to the creation of BNY ConvergEx company. Jane Wheeler, a partner at Evercore Partners Inc., has advised Bank of New York Co. Inc. on its three-way deal at the end of June 2006, in which it teamed up with a private equity firm that has created BNY, a bank affiliate. Wheeler stated that sometimes the best synergies result from having separate companies under the same umbrella rather than one integrated business.


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