jonathankneeon a deal like this, where there's a lot of regulatory uncertainty, do banks still get their advisory fee if the deal gets nixed by the government?
Sometimes. Bankers are starting to write that into engagement letters (no contingency of fee) more regularly....
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Sirius was MS and XM was JPM. Did you read the press release?
I had only caught the AP and Reuters story due to a long day of class and they did not have the info. WSJ online did though, thanks.
on a deal like this, where there's a lot of regulatory uncertainty, do banks still get their advisory fee if the deal gets nixed by the government?
Sometimes. Bankers are starting to write that into engagement letters (no contingency of fee) more regularly....
Esse sit aut nostrum quia quos quibusdam culpa. Sint tenetur eum in minus labore dolor impedit. Excepturi ut atque sed qui veniam magnam.
Omnis magnam ullam atque maxime rerum. Iusto magni quasi dolorem illo asperiores omnis. Ut magnam ducimus dolore aliquid fuga explicabo. Eaque voluptatem cum dignissimos quibusdam a asperiores pariatur.
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