Advisers to AT&T (T.N) and Deutsche Telekom's (DTEGn.DE) T-Mobile USA stand to lose $150 million in fees if the $39 billion deal collapses in what would be a massive blow to the increasingly fragile deals market. The U.S. government has sued to block the bid, the largest since miner BHP Billiton's (BHP.AX) $43.2 billion offer for Potash was withdrawn, also in the face of political opposition, a year ago. T-Mobile's advisers -- Deutsche Bank (DBKGn.DE), Credit Suisse (CSGN.VX), Morgan Stanley (MS.N) and Citigroup -- and AT&T's banks -- Greenhill (GHL.N), Evercore (EVR.N) and JP Morgan (JPM.N) -- were on course to earn between $18 million and $36 million apiece before the intervention, according to estimates from ThomsonReuters/Freeman Consulting. Growing economic uncertainty has already reduced the value of worldwide dealmaking to $180 billion in August. That was the lowest monthly total since April 2010, threatening to reduce mergers and acquisitions revenue for the year by several billion dollars if transactions that were expected in January fail to emerge.
AT&T Inc. is a holding company. The Company is a provider of telecommunications services in the United States and worldwide. Shares of T fell by 4.42% or $-1.31/share to $28.31. In the past year, the shares have traded as low as $27.06 and as high as $31.94. On average, 28001700 shares of T exchange hands on a given day and today's volume is recorded at 95635264.
Morgan Stanley is a global financial services firm that, through its subsidiaries and affiliates, provides its products and services to a group of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 2.58% or $0.44/share to $17.48. In the past year, the shares have traded as low as $15.21 and as high as $31.04. On average, 23187100 shares of MS exchange hands on a given day and today's volume is recorded at 15003311.
Greenhill & Co., Inc., (Greenhill) is an independent investment bank focused on providing financial advice on significant mergers, acquisitions, restructurings, financings and capital raising to corporations, partnerships, institutions and governments. Shares of GHL fell by 3.31% or $-1.22/share to $35.60. In the past year, the shares have traded as low as $33.45 and as high as $84.51. On average, 592146 shares of GHL exchange hands on a given day and today's volume is recorded at 496001.
Evercore Partners Inc. (Evercore) is an independent investment banking advisory firm based on the dollar volume of announced worldwide merger and acquisition (M&A). Shares of EVR traded higher by 1.47% or $0.38/share to $26.19. In the past year, the shares have traded as low as $19.96 and as high as $37.26. On average, 352871 shares of EVR exchange hands on a given day and today's volume is recorded at 414380.
JPMorgan Chase & Co. (JPMorgan Chase) is a financial holding company. Shares of JPM traded higher by 1.13% or $0.42/share to $37.48. In the past year, the shares have traded as low as $32.31 and as high as $48.36. On average, 40968300 shares of JPM exchange hands on a given day and today's volume is recorded at 22460036.
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