Dell Buyout Is a Fee-for-All
Wall Street has a lot more than bragging rights riding on the $24 billion-plus takeover battle for Dell Inc. Some of the biggest banks in the world are vying for fees that together could top $400 million for advising and financing the buyout of the computer group, according to people familiar with the negotiations.
The sum would be the biggest payday for a takeover in at least three years, providing some relief to an industry that has been pinched by sluggish deal-making activity since the financial crisis.
