Market Overview

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

Related SF
Top Performing Industries For September 18, 2014
Top 4 NYSE Stocks In The Investment Brokerage-Regional Industry With The Highest Revenue
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...

Partner Network

Get Benzinga's Newsletters