Perella Weinberg reportedly surges on takeover talks with Piper Sandler
PWP•Piper Sandler is reportedly in talks to acquire Perella Weinberg, whose shares jumped more than 10%; Piper Sandler shares fell about 4%. Perella Weinberg had a market capitalization of about $1.4 billion.
1. Takeover talks reported
Piper Sandler is in talks to acquire Perella Weinberg, a report citing people familiar with the matter said. The companies did not immediately respond to requests for comment.
2. Shares move
Perella Weinberg shares rose more than 10%, while Piper Sandler shares fell about 4%. Including the session’s moves, the stocks were down 7.1% and 16.7%, respectively, year to date.
