Dillon Read Agrees to Merge with SBC Warburg to Create Global Force in Investment Banking and Capital Markets

PR Newswire | May 15, 1997 | Copyright 
 
          Expanded Division Will Be Known as SBC Warburg Dillon Read

NEW YORK, May 15 /PRNewswire/ -- Dillon, Read & Co. Inc. and SBC Warburg, the investment banking and capital markets division of Swiss Bank Corporation, today announced an agreement whereby Dillon Read will be acquired by Swiss Bank Corporation for approximately $600 million and its operations and staff incorporated into SBC Warburg. The combined business will leverage the considerable complementary strengths of the two companies, allowing them to offer the widest possible range of advisory, ...

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