- Evercore (EVR -1.6%) boosts its research operation with the purchase of ISI - with Evercore's investment banking business now renamed Evercore ISI.
- The deal is expected to be accretive to EPS in 2015, and potentially meaningfully accretive in 2016 and beyond. Nevertheless, EVR has fallen and not been able to get up since the purchase was floated in late July.
- Source: Press release