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Old 17-10-2008, 12:26 PM   #1
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[TheInquirer.com Processors] Bust bankers oversaw AMD deal

Sylvie Barak , Wednesday 8 October 2008. 13:59:00

Lehman and Weep

AFTER REPORTING ON the AMD split into fab and fabless, we decided to look back at Mubadala Development Company’s initial investment in the chip firm to see if we’d missed anything. Referring to the first time the Arabians flashed their oil dollars AMD’s way, a company press release from November 16th 2007 notes, "Merrill Lynch acted as financial advisor to AMD. Lehman Brothers acted as lead financial advisor to Mubadala and Morgan Stanley acted as co-financial advisor". We wondered who AMD and Mubadala had turned to this time around, with Merrill and Lehman now dead and gone and Morgan Stanley now legally a commercial bank subject to federal oversight....






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