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

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.