News: OZ Minerals attacks adviser fees , page-22

Here is a link to the AFR article referred to in the video:

http://tools.afr.com/viewer.aspx?ATL://7abf14ba-8760-11e0-b6e3-8c1ee4208cd7§ion=tools

Inter alia, he says that break fees are made to protect the interests of the acquirer. Mr Hamilton says that, as an example, Equinox would have to pay a break fee of $243m if it walked away from the Barrick deal.

As for fees associated with corporate activity, I reckon there should be a (private) tender process to get the work, and those who can present the same outcomes, but for cheaper, get the work. It cost Perpetual $3m to defend the takeover from KKR- ouch.