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WALL STREET PAYDAY: Banks could make more than $100 million in fees from the massive United Technologies acquisition

Sep 6, 2017, 02:41 IST

nited States players react as they receive the FIFA Women's World Cup trophy after defeating Japan in the final of the FIFA 2015 Women's World Cup at BC Place Stadium. The United States won 5-2.Anne-Marie Sorvin-USA TODAY Sports

United Technologies announced its $30 billion acquisition of Rockwell Collins Monday, in a deal that would create one of the largest airline-equipment suppliers in the world.

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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.

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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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