Market Overview

Stifel Financial to Acquire KBW for $17.50/Share in Cash/Stock Deal

Related SF
Earnings Scheduled For November 6, 2014
Top Performing Industries For September 18, 2014
Stifel to Buy Legg Mason's Investment Advisory Unit (Fox Business)

Stifel Financial Corp. (NYSE: SF) and KBW, Inc. (NYSE: KBW) today
announced that they have entered into a definitive merger agreement to
create the premier middle-market investment bank with a specialized
focus on the financial services industry.

Under the terms of the agreement, which was unanimously approved by the
boards of directors of both companies, KBW shareholders will receive
$17.50 per share, comprised of $10.00 per share in cash and $7.50 per
share in Stifel common stock. Additionally, holders of certain
restricted KBW shares, that will continue to vest post closing, will
receive $17.50 in Stifel common stock. The stock component of the
consideration is fixed at $7.50 per share, subject to a collar, provided

See full press release

Posted-In: News Guidance Contracts Management M&A Global

 

Related Articles (KBW + SF)

Around the Web, We're Loving...

Get Benzinga's Newsletters