Banks and M&A

As I stated in my last post, here are some thoughts from Reuters:

http://www.reuters.com/article/AIRDEF/idUSN0539241020080505

Why did banks advise Yahoo to not go down below $37? O well, simple answer: they did not. It was Yahoo's decision not the bankers' decision to not go below $37. If it was all for the investment banks, they would sell Yahoo for $20 per share. Afterall, they want their commission. Don't they?