Piper Sandler in talks to combine with Perella Weinberg, WSJ reports
Wall Street Journal, citing people familiar with the matter, said Piper Sandler has been in talks to combine with advisory firm Perella Weinberg Partners; negotiations were not final and could fall apart.
Sept 29 (Reuters) — Investment bank Piper Sandler has been in talks to combine with advisory firm Perella Weinberg Partners, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. 4 billion market cap. The negotiations were not final and could still fall apart, according to the Journal's sources. Piper Sandler and Perella Weinberg did not immediately respond to Reuters' request for comment.
Piper's shares fell about 4% in early trading, while Perella's shares jumped over 10%.