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Investment banks absent in Heinz-Kraft deal

2015-03-27 05:34:06| Food - Topix.net

As they worked on a deal to create the third-largest food and beverage company, H.J. Heinz and Kraft Foods Group tapped just one financial adviser each: Lazard Ltd. and Centerview Partners. The $46 billion merger is the largest in at least a decade to exclude every so-called bulge-bracket firm, big banks such Goldman Sachs Group or Morgan Stanley that dominate the market for M&A advice.

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