WALL STREET PAYDAY: Banks could make more than $100 million in fees from the massive United Technologies acquisition
Anne-Marie Sorvin-USA TODAY Sports
The final $140-a-share price tag that United Technologies paid represents an 18% premium over the $119 Rockwell was trading at before deal rumors surfaced in early August, according to Reuters.
Wall Street bankers are set to make a fat payday of as much as $105 million on the mega-deal.
Morgan Stanley will haul in an estimated $35 million to $45 million for advising United Technologies, according to Jeffrey Nassof, director of consulting firm Freeman & Co.
JPMorgan and Citigroup will share an estimated $45 million to $60 million for advising Rockwell Collins.
The airplane parts makers, which spent the last month trying to reach a deal, are expected to have combined sales of nearly $70 billion in 2017.
The deal is expected to close in the third quarter of 2018.
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