Banks 'Salivating' Over Fees as $100 bn LBO Looms/Unilever Takeover in 'Realm of Possibility'
According to Bloomberg reporters Justin Baer and Edward Evans, "Bankers are salivating over about $2 billion of fees from leveraged buyouts in the first quarter, and that's just a fraction of what they're assured of earning in the busiest year so far for mergers and acquisitions."
Fueling the buyout binge is a record expansion in "sub-investment" debt, already up 73 percent from the previous 12 months and ready to finance an estimated USD 2 trillion in the US alone. The funds and their investment bankers are now eyeing Anheuser-Busch and Unilever…
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