Bankers working on Vodafone's $10 billion deal to purchase Spain's Ono could pocket up to $62 million in advisory fees, according to an industry estimate, the latest windfall for dealmakers in the technology, media and telecom (TMT) sectors.Vodafone Group Plc said on Tuesday it has agreed to buy Spain's largest cable operator Ono, as the British group rebuilds its European operations with a broadband offering.Vodafone adviser Morgan Stanley and Robertson Robey Associates, who assisted the company's board, will share fees of between $22 and $27 million, Freeman Consulting, which tracks bankers' fees, estimated.Deutsche Bank, who acted as lead adviser for Ono shareholders, will receive the lion's share of a $28 to $35 million fee pool. The remainder will be split with co-advisers Bank of America Merrill Lynch, UBS and JPMorgan.
Bank of America Corporation (Bank of America) is a bank holding company, and a financial holding company. Shares of BAC traded higher by 1.93% or $0.325/share to $17.12. In the past year, the shares have traded as low as $11.23 and as high as $17.63. On average, 108391000 shares of BAC exchange hands on a given day and today's volume is recorded at 42556784.
Morgan Stanley is a global financial services company that, through its subsidiaries and affiliates, provides its products and services to a range of clients and customers, including corporations, governments, financial institutions and individuals. Shares of MS traded higher by 1.13% or $0.35/share to $31.45. In the past year, the shares have traded as low as $20.16 and as high as $33.52. On average, 13079500 shares of MS exchange hands on a given day and today's volume is recorded at 2781954.
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