Wednesday, April 9, 2008

LBO freeze cuts Q1 fees to Wall St by 75%

(LONDON) The freeze in leveraged buyouts (LBOs) has slashed fees for investment banks by more than 75 per cent as Blackstone Group and Kohlberg Kravis Roberts (KKR), the industry's two biggest firms, put takeover plans on hold.

Source: http://business-times.asiaone.com/mnt/html/btpre/registration/redirect.jsp?dlink=/sub/news/story/0,4574,274343,00.html?

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