Tuesday 1 May 2018

WALL STREET PAYDAY: Dealmakers could pull in $330 million in fees from takeover frenzy

champagne celebrationShutterstock/Oleh Dubyna

  • Investment bankers could make nearly $330 million in deal fees combined following the announcement of three megadeals on Sunday and Monday.
  • The deals include a $26 billion merger between telecom giants T-Mobile and Sprint; oil refiner Marathon's acquisition of Andeavor for $23 billion; and Wal-Mart's sale of its UK grocery business Asda to Sainsbury for $10 billion.

Mergers and acquisitions are back. 

M&A bankers are set to split nearly $330 million in fees from three megadeals announced over Sunday and Monday, according to consulting firm Freeman & Co.

See the rest of the story at Business Insider

NOW WATCH: A $700 billion investor dispels one of the market's most common myths — and explains what it means for your portfolio

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SEE ALSO: IT'S OFFICIAL: T-Mobile and Sprint are coming together to form a $146 billion new company to take on Verizon and AT&T



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