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Perella Weinberg surges on report of takeover talks with Piper Sandler

By Reuters News15 hours ago Updated

** Shares of investment bank Piper Sandler PIPR.N fall ~4%; those of advisory firm Perella Weinberg Partners PWP.O jump over 10%

** Piper Sandler is in talks to acquire Perella Weinberg — the Wall Street Journal reports, citing people familiar with the matter

** They did not immediately respond to Reuters' request for comment

** Perella's market capitalization is ~$1.4 bln

** PIPR has lost 16.7% and PWP 7.1%, YTD, including session's moves

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