It's been a bleak year on Wall Street for fees from M&A activity, but Goldman Sachs has still managed to win fees from a pair of deals involving the acquisition of at least two iconic American brands. The investment bank earned $40 million from its role in Inbev's $52 billion deal to acquire Anheuser-Busch. It's also raked in another $46 million from its role in Wrigley's acquisition by Mars. Citigroup also got a piece of the Anheuser-Busch acquisition, picking up $30 million in fees.
The news wasn't all good for Goldman. Its $12.1 billion bid to take over the Pennsylvania Turnpike along with Australian toll road operator Transurban was beaten out by Albertis Infraestructuras of Barcelona, which partnered with Citigroup to bid nearly $13 billion.