Fund Holders Score in Bank Deal

Bank of New York's(BK Quote) planned merger with Mellon Financial (MEL Quote) has Capital Research and Management smiling all the way to the bank.

The sponsor of the American Funds family collectively holds 5.347% of Bank of New York and 3.889% of Mellon, according to data from TheStreet.com Ratings.

(AWSHX Quote)American Funds Washington Mutual Investors Fund is the biggest individual fund holder of Bank of New York, with 19.77 million shares, followed by (AGTHX Quote)American Funds Growth Fund of America with 9.19 million shares and (AMRMX Quote)American Funds American Mutual Fund with 3.25 million shares. ...