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

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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


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