Friday, June 29, 2012

Goldman's crown under threat


Efinanicalnews’ Matt Turner writes: Goldman Sachs could lose the number one spot in Dealogic's global M&A table for the first half of 2012, while retaining its position at the top of a rival ranking, as a result of a last-minute $20.1bn deal and data providers' differing approaches to deal credit.
Belgian beer company Anheuser-Busch InBev confirmed this morning it would acquire the remaining stake it does not already own in Mexican brewer Grupo Modelo for $9.15 a share. The deal is worth $20.1bn. The firm has fully committed financing for the deal, having added $14bn of additional bank facilities.

....In the Dealogic preliminary first half M&A rankings, published earlier this week, Goldman ranked first with $16.8bn more in deal credit than nearest rival Morgan Stanley. However, at $20.1bn, the Anheuser-Busch InBev deal could change this….

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