Raymond James/Stifel bidding on Morgan Keegan
Hey guys just saw this article.
http://www.memphisdailynews.com/news/2012/jan/10/…
Curious what people thought about how this might affect the investment banking landscape? I know neither are huge firms, but they are pretty reputable. I know Ray Jay has been acquiring banks for awhile now. Just thought it was interesting.
this is old
How could it be old, the date says it was written... tomorrow!? THIS ARTICLE IS FROM THE FUCKING FUTURE BRO!!!
this is old
lol no stifel has been in talks with them for a few months now
Which firm has more to gain from the acquisition?
Old news...there were talks of carlyle and blackstone a while back.
Stifel also made a significant recent investment in Miller Buckfire that could lead to an acquisition down the road.
Looks like RJ won out:
http://dealbook.nytimes.com/2012/01/11/raymond-james-near-deal-to-buy-r…
nothing. shitty bank buying another shitty bank. exit opps for analysts will still suck.
bet theyre not working 40-60 hr work weeks. have fun working for shitty clients 70-80 hrs a week. believe me, after a few months of that, analysts will be thinking about "exit opps".
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