Morgan Stanley tops table

It''s been a good first half in M&A for Morgan, even without the DBS relationship
Morgan Stanley may have lost its inspirational boss John Mack to CSFB, but at least it can take solace that it has romped home in the first-half Asian M&A league table.  It has topped the table for announced deals with $27 billion worth of mergers for non-Japan Asia and Australia.

That puts around $4 billion of clear blue water between it and the other Morgan, JPMorgan, which is second. Moreover, its tally doesn’t include the $2.1 billion megamerger in India between Birla-Tata and BPL’s cellular networks, orchestrated by Morgan Stanley. That’s because the deal was between two private companies and under Thomson Securities Data’s rules, only publicly verifiable transactions sizes can count towards league table credits.

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