Despite talk about investment and commercial banks being able to compete in each other's business lines, the world's biggest-ever hostile takeover battle suggests that traditional roles are not being abandoned.

The institutions advising Vodafone AirTouch PLC on its $135 billion unsolicited bid for the German wireless provider Mannesmann AG, resembles a who's who of established investment banks, including No. 1 ranked Goldman Sachs Group Inc..

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.