Middle-market U.S. investment bank Piper Jaffray has agreed to buy privately held Sandler O’Neill for $485 million, the two firms said on July 9. The combined company will be called Piper Sandler.
Owners of Sandler O’Neill will receive $350 million in cash when the deal closes. In addition, the target’s “employee partners” will receive $135 million in primarily restricted stock. Piper Jaffray is also setting aside $115 million for long-term retention incentives, mostly in restricted stock.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite: