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Bank Of NY Agrees To Acquire EMAT

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NU Online News Service, Aug. 2, 12:07 p.m. — The Bank of New York Company Inc., New York, says it has agreed to acquire Electronic Managed Account Technologies Inc., Malvern, Pa., a company handles processing services for individually managed accounts.

EMAT says it sells its services to more than 140 money managers.

The price and other terms of the proposed deal were not disclosed.

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