US Approves Stifel Acquisition of KBW

Photo courtesy of Creative Commons

The Federal Trade Commission announced today that it will allow Stifel Financial to complete its proposed acquisition of KBW after the antitrust regulator finished a review of the deal.

Three weeks ago, St. Louis-based Stifel Financial Corp. announced it would buy investment bank KBW Inc. for $575 million, which is the largest acquisition in the investment bank’s history.

The cash-and-stock deal is set to close in early 2013, pending approval from KBW shareholders.

Read more on St. Louis Post-Dispatch.


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