Bankers make out like bandits on big M&A deals

AT&T’s blockbuster $84.5 billion takeover of Time Warner means many things — including rich fees for the bankers and lawyers who helped craft the deal.

The New York Times reports that it’s a familiar list of advisers for each company. Last year, Perella Weinberg poached George H. Young III, a veteran telecommunications banker, from Lazard — and gained a close relationship with AT&T in the process. Young had advised the telecommunications company on its $48.5 billion takeover of DirecTV, as well as on many of the earlier deals that built the modern-day AT&T.

Who’s Behind the Deal Between AT&T and Time Warner

In the meantime, The Wall Street Journal reports that Morgan Stanley stands to score a big payday in Bayer’s $57 billion deal for U.S. seed giant Monsanto.

The bank is set to collect $120 million if the deal closes, according to a merger proxy filed Wednesday. That’s the second-largest deal fee for a single bank on record, according to data provider Dealogic, just behind the $122.3 million Merrill Lynch earned advising a trio of banks led by Royal Bank of Scotland Group PLC in a $101 billion deal for ABN Amro Holding NV in 2007.

Morgan Stanley in Line for $120 Million Payday in Bayer-Monsanto Deal

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