Oracle deals: No advisors
Over the years, big companies that make lots of acquisitions have tried to reduce their need for expensive advisors. Oracle is a great example. In its deal to buy BEA, it did not retain advisors, according to Financial Week. In the past two years, the firm engaged in 36 acquisitions (Zephyr). Oracle reported the use of financial advisers on five of those--Morgan Stanley, Merrill Lynch and Credit Suisse. Financial Week notes that Oracle's top two executives come from Wall Street. Charles Phillips was a software analyst at Morgan Stanley. Safra Catz was a banker with DLJ.
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