This post has been read 1280 times!
April 24, 2015- WSJ reports that bankers and lawyers will lose $380 million in fees as a result of the cancellation of the Time Warner Comcast merger. “…bankers at Goldman Sachs Group Inc. would miss the biggest fee pot, though the outcome will also sting other big banks and a handful of so-called boutiques.
The deal’s demise would also reshuffle the rankings of M&A advisers known as “league tables.” J.P. Morgan Chase & Co., a Comcast banker, would drop from second to third in Dealogic’s 2014 U.S. tables by dollar volume of deal assignments, while Skadden, Arps, Slate, Meagher & Flom LLP, lawyers for Time Warner Cable’s independent directors, would drop from first to third. Davis, Polk & Wardwell LLP, which advised Comcast, would drop outside the top 10.”