TITLE

I-Banks Pull Back From Stapled Financing

AUTHOR(S)
Hahn, Avital Louria
PUB. DATE
April 2006
SOURCE
Investment Dealers' Digest;4/3/2006, Vol. 72 Issue 13, p7
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article looks at the decreasing number of acquisitions in the United States which are financed by investment banks with stapled financing. Stapled financing refers to the financing of an acquisition made by an investment adviser to the target. The adviser would collect advisory fees from the target and financing fees from the buyer. Conflicts of interest and possible shareholder lawsuits are the major reasons investment bankers and buyers move away from stapled financing.
ACCESSION #
20408795

 

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