JP Morgan and Morgan Stanley are set to share up to $35 million in fees, according to estimates from Thomson Reuters/Freeman Consulting, as advisers on SAP's $3.4 billion takeover of SuccessFactors. JP Morgan is advising German software group SAP and stands to earn $13 million to $16 million for the role.Morgan Stanley is advising U.S. web-based services company SuccessFactors, and could earn between $15 million and $19 million for its work.The deal helps SAP catch up in cloud computing, a fast-growing field where data and processes are hosted remotely on the Web.Analysts had warned that the German company risked losing ground to Oracle before the deal emerged.
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 5.41% or $0.84/share to $16.36. In the past year, the shares have traded as low as $11.58 and as high as $31.04. On average, 35945900 shares of MS exchange hands on a given day and today's volume is recorded at 18944618.
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