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by at5
3797 days ago
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Actually not surprising that GS would let a VP and an associate run this deal. $580MM is small potatoes for Goldman, and it was 99 so they were up to their eyeballs in deals. There was probably a senior banker committee overseeing the deal but they really just rubber stamp stuff and never look at the details. The details in this case were what crushed James Baker's take. Note that a good/experienced banker would advise the client to put in a collar in an all stock deal. |
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