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Article: Big bankers chase small M&A deals; Even midsize pool is crowded as megamergers become memories.(News)
- Article from:
- Crain's New York Business
- Article date:
- April 7, 2008
CopyrightCOPYRIGHT 2008 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Aaron Elstein
In the cohen family's 80 years in the eyewear business, about the closest it ever came to Wall Street was the Lower East Side, where Jack Cohen started out, selling spectacles from a pushcart.
But that changed last fall, when Robert Cohen, president of Cohen's Fashion Optical Inc., got a call from someone at Deutsche Bank's U.S. arm. The Frankfurt-based giant--best known for financing such multibillion-dollar buyouts as Hilton Hotels and First Data--thought it could find a buyer for the company if Mr. Cohen was interested in selling.
"I was surprised to hear from Deutsche Bank,'' Mr. Cohen says. "Normally, I think they ...