Tuesday, July 3, 2007

UPDATE 1-Piper Jaffray to buy investment bank for $50 mln

(Reuters) - The consideration will be paid in about 90 percent cash and
about 10 percent stock at the time the transaction closes,
which is expected in the third quarter.




Piper, a middle-market investment bank, sees deal adding
modestly to its earnings in 2008.


Read more at Reuters.com Mergers News

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