BioCentury
ARTICLE | Finance

Musical parents

March 22, 1999 8:00 AM UTC

- Oscar Wilde, The Importance Of Being Earnest

Robertson Stephens will have a third parent company in as many years, as Fleet Financial Group announced plans to acquire Robbie's current parent, BancBoston, for $16 billion. Just last June, BancBoston acquired Robbie from BankAmerica for $800 million. BankAmerica had purchased the investment bank in October 1997 for $540 million, but subsequently shed the unit following its merger with NationsBank, which already owned Montgomery Securities...