July 22, 2025
(Tip Ranks) - Goldman Sachs, which is “shopping for a needle-moving acquisition,” held takeover talks with Northern Trust earlier this year and nearly clinched a $6B deal for private-markets specialist Cliffwater, people familiar with the matter told Semafor’s Liz Hoffman.
The talks with Cliffwater were advanced, but “fizzled over price,” while discussions with Northern Trust “could heat up now that the company is in play,” the report added. In June, The Wall Street Journal reported that Bank of New York Mellon (BK) approached Northern Trust to express interest in merging.
The Fly
July 22, 2025
