"Stock issuance?" Dean was confused; Byte Company hadn't even gone public yet.
"Yes," Daniel had to explain patiently, "There are some big clients who are very optimistic about the development of Byte Company."
This matter had to start with Merrill Lynch joining the underwriting syndicate, thanks to Anthony Kennedy's introduction.
Through him as an intermediary, Dean had connected with the people at Merrill Lynch last month.
The Daniel Thalli in front of him was one of the Irish-descended senior executives at Merrill Lynch; he had previously spoken with Dean on the phone, and their exchanges had been quite harmonious.
Latter, Dean revealed his intention to have Merrill Lynch underwrite some of the shares to the people at Morgan Stanley.
They agreed because Morgan Stanley had been planning to find several other investment banks to share the risk.
So, Morgan Stanley, Merrill Lynch, and Salomon Brothers sat down together to discuss the underwriting plan for Byte Company.
