Sometimes things just don’t add up

Oh, how quickly loans bankers come alive when an exciting new money deal is being touted! Aspen’s $2bn M&A facility, launched last week, brought with it a tidal wave of praise — most notably from bankers not even on the deal. But that didn’t stop them having a giggle at the basic mathematical mistake in the Aspen invitation email from Bank of America Merrill Lynch — one of the lead banks.