Wouldn't mind seeing sprint vanish.
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Att buying Tmobile. 39b
- Thread starter marketsurfer
- Start date
i hate ATT
From The New York Times
http://dealbook.nytimes.com/2011/03/20/the-advisers-behind-the-att-deal/
"The Advisers Behind the AT&T Deal"
By MICHAEL J. DE LA MERCED
More than a few banks and law firms will be ringing up handsome fees for putting together AT&Tâs $39 billion bid for T-Mobile USA.
Proceeds from the acquisition â the largest announced so far this year and one of the biggest since the end of the financial crisis â will be divvied up among a dozen financial and legal advisers.
Particularly striking is the presence of two major boutique firms, Greenhill & Company and Evercore Partners, as advisers to AT&T. Then again, Evercore has long served as an adviser on the roughly $200 billion in mergers that led to the modern-day AT&T.
Others will benefit as well. JPMorgan Chase, an adviser to AT&T, will cement its standing as the top-ranked adviser on deals worldwide as counted by Dealogic, with $170.1 billion worth of transactions as of Saturday.
Morgan Stanley, the principal adviser to Deutsche Telekom, the owner of T-Mobile USA, is ranked third worldwide with $110.9 billion worth of deals, drawing closer to longtime rival Goldman Sachs.
Credit Suisse, another Deutsche Telekom banker, will probably displace Bank of America Merrill Lynch as the fourth-ranked deal adviser globally, having racked up $101 billion worth of assignments to Merrillâs $108.5 billion as of Saturday.
The AT&T deal is also notable for who is missing: Goldman, which had been advising Sprint Nextel in its talks with Deutsche Telekom, people briefed on the matter previously told DealBook.
Hereâs the breakdown of the advisers:
AT&T:
Banks
* Greenhill & Company
* JPMorgan Chase
* Evercore Partners
Law firms
* Sullivan & Cromwell
* Arnold & Porter
* Crowell & Moring
Deutsche Telekom:
Banks
* Morgan Stanley
* Deutsche Bank
* Credit Suisse
Law firms
* Wachtell, Lipton, Rosen & Katz
* Cleary Gottlieb Steen & Hamilton
* Wiley Rein
http://dealbook.nytimes.com/2011/03/20/the-advisers-behind-the-att-deal/
"The Advisers Behind the AT&T Deal"
By MICHAEL J. DE LA MERCED
More than a few banks and law firms will be ringing up handsome fees for putting together AT&Tâs $39 billion bid for T-Mobile USA.
Proceeds from the acquisition â the largest announced so far this year and one of the biggest since the end of the financial crisis â will be divvied up among a dozen financial and legal advisers.
Particularly striking is the presence of two major boutique firms, Greenhill & Company and Evercore Partners, as advisers to AT&T. Then again, Evercore has long served as an adviser on the roughly $200 billion in mergers that led to the modern-day AT&T.
Others will benefit as well. JPMorgan Chase, an adviser to AT&T, will cement its standing as the top-ranked adviser on deals worldwide as counted by Dealogic, with $170.1 billion worth of transactions as of Saturday.
Morgan Stanley, the principal adviser to Deutsche Telekom, the owner of T-Mobile USA, is ranked third worldwide with $110.9 billion worth of deals, drawing closer to longtime rival Goldman Sachs.
Credit Suisse, another Deutsche Telekom banker, will probably displace Bank of America Merrill Lynch as the fourth-ranked deal adviser globally, having racked up $101 billion worth of assignments to Merrillâs $108.5 billion as of Saturday.
The AT&T deal is also notable for who is missing: Goldman, which had been advising Sprint Nextel in its talks with Deutsche Telekom, people briefed on the matter previously told DealBook.
Hereâs the breakdown of the advisers:
AT&T:
Banks
* Greenhill & Company
* JPMorgan Chase
* Evercore Partners
Law firms
* Sullivan & Cromwell
* Arnold & Porter
* Crowell & Moring
Deutsche Telekom:
Banks
* Morgan Stanley
* Deutsche Bank
* Credit Suisse
Law firms
* Wachtell, Lipton, Rosen & Katz
* Cleary Gottlieb Steen & Hamilton
* Wiley Rein