TITLE

Regional Firms Merge in $91M Deal

AUTHOR(S)
O'Connor, Colleen Marie
PUB. DATE
January 2007
SOURCE
Investment Dealers' Digest;1/15/2007, Vol. 73 Issue 2, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
23768848

 

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