ConvergEx, After Filing for $400 Mln IPO, Goes Up For Sale

ConvergEx, which filed to go public last week, is up for sale, three sources say. New York-based ConvergEx, a financial industry software company, is an affiliate of Bank of New York Mellon Corp. It has tapped Goldman Sachs to run the process, sources say. The ConvergEx auction is in the early stages, one banker says, and "every large sponsor" is looking at it. "Goldman is out shopping right now as a dual track process," the banking source says.

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