Big Banks Reach for Small Deals as Merger Boom Slows

Nederland Nieuws Nieuws

Big Banks Reach for Small Deals as Merger Boom Slows
Nederland Laatste Nieuws,Nederland Headlines

Investment bankers across Wall Street are tripping over themselves to win business advising smaller companies on deals—assignments they would have scoffed at a few years ago

JPMorgan Chase & Co.’s health-care bankers in the past year worked on the $74 billion takeover of Celgene Corp. and the $62 billion sale of Shire PLC.

Last fall they pitched Cianna Medical, a California company with tumor-detecting technology and about $40 million in annual revenue, on a sale. “I kept saying, tell me again why you’re interested in this deal?” said Jill Anderson, Cianna’s then-chief executive.

 

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Nederland Laatste Nieuws, Nederland Headlines

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