The bankers on Merck’s pending $41 billion merger with Schering-Plough will get a nice pay day — one for the record books, in fact.
An amended proxy filing shows that the investment banks on the deal will receive more than $100 million in total advisory fees.
Goldman Sachs is set to receive $33.33 million, while Morgan Stanley will get $20 million for advising Schering-Plough, according to the filing with the U.S. Securities and Exchange Commission.
J.P. Morgan Chase is in line for a fee of $45 million for advising Merck, the filing said.
A portion of these fees are only payable upon completion of the transaction, so the deal must complete for the banks to receive the total payout.