Mellon Financial might be willing to spend up to $8 billion or more to bolster its standing as an asset management firm, analysts tell the Pittsburgh Post-Gazette. In fact, the company might be considering buying MFS Investments and/or Putnam Investments, they say, each of which could be worth $4 billion.

If Mellon were to acquire either firm, it would become one of the five largest asset management firms in the nation.

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