Bryan Cave Guides Stifel's $575M KBW Buy

Law360, New York (November 5, 2012, 3:53 PM EST) -- Financial services firm Stifel Financial Corp. plans to pick up boutique investment banking competitor Keefe, Bruyette & Woods Inc. for more than $575 million, creating one of the market's largest research platforms with the deal, the companies announced Monday.

Per the deal, St. Louis-based Stifel will fork over $10 in cash and another $7.50 in its own stock for each KBW share, provided that the volume weighted average closing price of Stifel stays between $29 and $35 per share in the 10 days leading up to...
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