Worldpay deal: JPMorgan both broker and suitor
London
JPMORGAN Chase & Co's interest in acquiring Worldpay Group plc is placing the investment bank in the unusual position of being both its client's broker and potential buyer.
Corporate brokers, rarely seen outside of the UK, advise clients and support their investor relationships for minimal fees in the expectation of winning more lucrative mandates on bigger deals, such as mergers or equity sales. Firms typically call their brokers to weigh in or provide defence when they receive a takeover approach.
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