Stifel Finanical Says Breakup Fee in KBW Deal is $17.3 Million

Stifel Financial Corp., the brokerage that agreed to buy KBW Inc. (KBW), may be entitled to a breakup fee of $17.3 million if the deal is terminated.

The provision was disclosed by St. Louis-based Stifel in a regulatory filing today.

To contact the reporter on this story: Laura Marcinek in New York at Lmarcinek3@bloomberg.net

To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net

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