While I do feel for Dragon Systems and James Baker, I agree with the finer line toed by Matt Levine's article here: http://dealbreaker.com/2013/01/dragon-systems-shareholders-c...:

"Why would you hire an investment bank to advise you on an M&A deal? It’s sort of an uncomfortable question."

This reminds me about Warren Buffet saying that asking an investment bank about M&A advice is like asking a barber if you need a haircut.