Tag:
deal
Latest Headlines
Latest Headlines
Glencore, Xstrata deal, another fee gravy train
People are stilling buzzing about the fee bonanza expected from the Facebook IPO.
If the deal eventually fetches $10 billion--the firm will likely increase the size of the offering from the current $5 billion as demand soars--and the underwriters take a 1.5 percent cut, the deal would generate
Mergers to come roaring back?
The spate of recent deals has raised talk about whether the merger industry is poised for a revival. We've heard this talk before. Anytime a few deals are announced, the optimism surges, but I would say we're on the same path to volume recovery we've been on for a while.
Bankers are growing mo
When will deal volume turn up?
Investment bankers tend to be an optimistic lot, convinced that the next big deal is right around the corner. There's hope but not a whole lot more right now. Sure, we've seen some big pharmaceutical deals--Pfizer and Wyeth, Merck and Schering Plough--and the financing situation may have marginall
Investment banking still a gold mine?
We've been talking lately about the decline of the deal kingpins. But Merck's $41.1 billion purchase of Schering-Plough suggests that the deal advisory business is anything but dead. In fact, it may be looking pretty good for the likes of Goldman Sachs, JPMorgan and Morgan Stanley. Bloomberg r
Is the Bank of America-Merrill deal in trouble?
Shares of both Bank of America and Merrill Lynch have plunged ahead of their deal, resulting in an ever widening spread that some think reflects a lack of confidence that the deal will be consummated. Indeed, there are some reasons to doubt. The New York Post reports that opposition has been g
The next wave of deal bust ups?
We noted recently that the top ten biggest private equity deals, in most cases, are weathering the storm. But that doesn't mean we won't see another wave of deal bust ups. The New York Times says, "This next wave of failures comprises the deals negotiated after that time, deals largely struck
Media leaks negatively affect potential deals
Leaking to the media, especially the Wall Street Journal, about possible deals is a grand tradition on Wall Street. Many a reporter has made a reputation via deal talk. For bankers, the goal is to control the story spin, which makes sense in sensitive situations. Some may want to prod another
Icahn now main player in Microsoft-Yahoo drama
The key man in the still unfolding Microsoft-Yahoo pas de deux is not Steve Ballmer, not Jerry Yang, or even Eric Schmidt. It's investor activist Carl Icahn. The New York Times notes that while he has proposed an all-new slate of directors, he really does not want to jump onto the board. What
