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Piper Jaffray to issue $7.5M of shares to retain Weeden & Co. employees

Mar. 13, 2019 5:09 PM ETPiper Sandler Companies (PIPR) StockBy: Liz Kiesche, SA News Editor
  • Piper Jaffray (PJC) will issue a total of $7.5M of restricted shares to 42 employees who had been employees of Weeden & Co.
  • The awards are intended to aid in retaining Weeden & Co. employees and were approved with the definitive transaction agreement signed on Feb. 24, 2019.
  • Previously: Piper Jaffray to buy Weeden & Co. for $42M upfront (Feb. 25)

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