By 1978, over eighty deals exceeded that amount, with a $500- to $6...
Citations (1)
- The House of Morgan - An American Banking Dynasty and the whole source · open book
By 1978, over eighty deals exceeded that amount, with a $500- to $600-million range already commonplace. Unlike the conglomerate takeovers of the 1960s, which were financed with the shares of the acquiring company, the new takeovers were largely effected with cash. Because Morgan Stanley booked fees as a percentage of the total, its profits soared.
chapter: 29. Samurai