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

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April 30, 2018 3:31 PM

BI PRIME: Investment bankers are set to make nearly $330 million in fees from deals announced on Monday.

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

And in retail, Credit Suisse and Rothschild will split $30 million to $40 million in fees for advising Wal-Mart and UBS and Morgan Stanley will earn $20 million to $30 million for advising Sainsbury.

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