Deals
Express Scripts, Medco Bankers May Receive $120 Million
This article is for subscribers only.
Investment banks working with Express Scripts Inc. and Medco Health Solutions Inc. will glean an estimated $120 million in combined fees for advising on the second-biggest U.S. acquisition of 2011.
Express Scripts advisers Credit Suisse Group AG and Citigroup Inc. may earn as much as $55 million if the deal goes through, while Medco’s main bankers JPMorgan Chase & Co. and Lazard Ltd. may get $65 million, according to estimates by Lam Nguyen, vice president at New York-based research firm Freeman & Co. This doesn’t include any fees that might be earned by arranging financing for the deal, Nguyen said.