Mellon Financial has completed the acquisition of the separate accounts division of Ashland Management. Mellon said the move gives its subsidiary, Dreyfus Service Corp., an additional $566 million in separate account assets under management, bringing the total to more than $3 billion. The all-cash deal was announced on Sept. 12. However, terms of the acquisition were not disclosed.
Mellon Separate Accounts Boosted by Ashland Buy
November 18, 2002, 1:00 a.m. EST 1 Min Read