Bankers at these firms look to reap rich rewards

Pot of Gold

The Sky's the limit!

Bloomberg News reports that the contentious $39 billion takeover saga for Sky Plc draws to a close, boutique banks appear poised to reap some of the richest rewards.

PJT Partners Inc., Robey Warshaw LLP, Evercore Inc. and Centerview Partners are the small advisory shops that worked on the battle between Comcast Corp. and Twenty-First Century Fox Inc. for control of Sky. The protracted takeover effort - kicked off in December 2016 when Fox offered to acquire the share of the British broadcaster that it didn’t already own - neared culmination this weekend with Comcast outbidding Fox in a rare one-day auction.

Morgan Stanley, PJT Partners and Barclays Plc stood to share a pool of as much as 61.5 million pounds ($80 million) in fees as Sky’s advisers, under the terms of an offer made by Comcast in the months leading up to Saturday’s frenzied bidding war. Robey Warshaw, Evercore, Bank of America Corp. and Wells Fargo & Co. were to split up to 37.8 million pounds for their work on behalf of the U.S. cable operator, according to that same proposal.

Hit the link below to access the complete Bloomberg News article:

Boutique Banks Will Score as Sky Saga Nears Its End

Gold Set to Soar Above $1,300, Bank of America Says

 

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