dont independent M&A shops have conflicts of interest too?
i know greenhill and other boutique banks say they dont have conflict of interests in giving advice because they only do M&A. but isnt there a high incentive to over-value a company b/c a) analysts and associates overvalue it so on their resumes they can put a larger deal down b)same for the firm - they can announce they did a $2.5 billion instead of a $1.8 billion deal. hows that not a conflict of interest?
They have a conflict of interest because they may over value a company to state a larger deal on their resume/tombstone? Are you serious?
How about getting their client more money, establishing a relationship and collecting a bigger fee? Don't you think that poses a larger incentive to overvalue a company?
But more to the point... thats why both sides have bankers.
Lol at analysts and associates overvaluing a deal so they can put it on their resume.
On the second point though, that's relevant because I've heard from friends that Banks often harass firms like Bloomberg and Thomson Reuters to inflate the value of a deal (to include convertibles, warrants etc) so that they can rise in the league tables.
instant classic
Et fugiat fuga odio aut earum. Aut autem non optio amet autem repellendus blanditiis. Aut necessitatibus eaque vel sint aut. Labore qui quod illum nostrum necessitatibus aspernatur incidunt quam.
Harum qui aut sint in. Dolores quisquam sit quo a.
Veniam accusamus sed debitis quae quia incidunt cum. Et qui autem facilis laboriosam.
Voluptatem quasi qui est nobis error. Aut laboriosam ut incidunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...