Piper Sandler may gain advisory reach if it buys Perella Weinberg, but no deal has been reached and no terms are reported. Its sales rose 25%, yet the possible purchase's cost and effect are unknown, so the report does not change its outlook.
A larger advisory firm could reach more clients as deal activity grows. But no agreement or terms are reported, so the possible benefits cannot yet be weighed against what Piper Sandler would pay. Piper Sandler's sales grew 25% in the second quarter, but that strength does not clarify the purchase's likely effect.
Perella Weinberg could join a larger advisory firm, but Piper Sandler has not made a deal. Perella Weinberg's sales rose 1% from a year earlier, as stronger client and deal activity helped make up for weaker financing work, so the report does not yet change its outlook.
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