Stifel Financial to buy KBW

Mon Nov 5, 2012 7:48am EST

Nov 5 (Reuters) - Stifel Financial Corp said it would buy smaller rival KBW Inc in a transaction valued at about $575 million, creating a middle-market investment bank focused on the financial services industry.

KBW shareholders will receive $17.50 per share comprised of $10 per share in cash and $7.50 per share in Stifel stock.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article