Home>Topics>>Stifel closes deal to buy KBW in investment bank merger
Stifel closes deal to buy KBW in investment bank merger
Reuters: Mergers News
Fri, 15 Feb 2013
Feb 15 (Reuters) - Stifel Financial Corp and KBW Inc said Friday they have completed the merger under which St. Louis-based Stifel paid about $575 million in cash and stock for New York-based KBW.
Although the two office-supplies companies could realize meaningful cost synergies, the combined firm would still face enormous competitive pressures, says Morningstar's Liang Feng.
Growing corporate cash balances and slowing organic-growth opportunities could lead to increased deal volume this year even if economic uncertainty throttles some activity, says Morningstar's Bridget Freas.
Five stats from the market and the stories behind them. This week: Berkshire's stake in a $28 billion deal, Avon's not-so-pretty 1% sales growth, and more.