Regional Firms Merge in $91M Deal

O'Connor, Colleen Marie
January 2007
Investment Dealers' Digest;1/15/2007, Vol. 73 Issue 2, p10
Trade Publication
The article reports on the acquisition of Ryan Beck Holdings Inc. from BankAtlantic Bancorp Inc. by Stifel Financial Corp. in the U.S. Both companies have made a $91.1 million deal by using a stock price of $36 per share. The transaction consists of a mix of stocks, five-year warrants and two portions of earn-out payment. Joseph Fenech, managing director of Sandler O'Neill & Partners LP, stated that the merger made an important larger and stronger investment banking franchise.


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