Tag:
mergers
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Latest Headlines
Michael Klein wins on both sides of big deal
DealBook notes the rise of a one-man boutique, a highly specialized shop built on the enviable contacts of Michael Klein, the former Citigroup vice chairman.
In 2008, he left the bank at the ripe age of 44. He was once seen as a candidate to lead the bank someday, but was sidelined after t
Goldman Sachs “shameless” in deal conflict
The DealProfessor takes a look at Goldman Sachs’ multi-sided role in Kinder Morgan’s proposed acquisition of the El Paso Corporation.
At the time the deal talks got underway, Goldman Sachs was representing both companies.
“Goldman’s own internal conflicts committee reviewed the situati
Fee bonanza from Glencore-Xstrata deal
The Facebook deal has spawned saturation coverage from the media, but another deal has just been announced that will likely provide a comparable fee bonanza.
Glencore International, the world’s leading commodities trading firm, has agreed to buy Xstrata, a leading European mining company, in a
Investment banks: Deals at any cost?
One might think that the best investment bankers will not recommend a deal unless they truly think it's in the best interest of their clients. Lots of bankers of course want to do right by their customers. At the same time, they want to make as much money as humanly possible.
Sometimes, the tw
Frank Quattrone gets the best deals for targets
Frank Quattrone is definitely back.
The controversial investment banker who fought a knock-down drag-out with criminal prosecutors---and won!---has been the banker in the middle of some of hottest deals in the tech industry recently. According to Breakingviews , he's been amazingly successf
League tables will change if AT&T deal is nixed
When it comes to the Department of Justice's decision to contest the AT&T's agreement to buy T-Mobile, a lot is at stake in terms of the deal advisory league tables.
Bloomberg notes JP Morgan Chase "stands to lose its top spot among takeover advisers this year if AT&T isn't able to
Quattrone dazzles as old suit lingers
The return of Frank Quattrone as a deal maker has been nothing short of stupendous. He was driven into ostensible remission for years after the dotcom bubble imploded and after he was targeted by the Justice Department with perjury charges. But after he prevailed legally, he got back to business--
Google's deal for Motorola a bonanza for boutiques
You would have thought that Google's agreement to buy Motorola Mobility Holdings for $12.5 billion--a blockbuster by today's standards--would be great news for the top Wall Street banks. But at the likes of Goldman Sachs and Morgan Stanley, there isn't a lot of celebrating going on. Instead, it's
Deal activity pauses at a bad time
The pace of mergers and acquisitions activity earlier this year was breathtaking, raising hopes that top Wall Street firms had found a significant driver of revenue at just the right time.
FICC-oriented revenue was slowing dramatically, and top executives were hunting for ways to make up for t
Greenhill loads up on bankers, no payoff yet
Greenhill & Co. has been content to exist as something of a pure play on the boutique deal advisory industry. While the likes of Evercore and Lazard added money management business units, Greenhill stuck to its knitting.
Some might argue that it has not reaped the benefits of that deci
