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    Mergers and acquisitions (M&A) can appear dauntingly complex with the various transaction structures and numerous participants involved in the process. Adding to the confusion, industry players are often coined by multiple, synonymous names. It’s no wonder many outside Wall Street view the M&A industry as a Byzantine Empire of financial wizardry. Setting aside the various transaction types and associated financial engineering for now, this article provides a structured outline of the roles played by the various M&A participants.

     

     

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