Deals
Piper Jaffray Says It Will Stay Independent After Buyout
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Piper Jaffray Cos., the investment bank and asset manager founded in 1895, said it’s staying independent after Mergermarket reported takeover talks with a Chinese securities firm.
Piper Jaffray is looking at corporate-development ideas and opportunities in Asia, such as a joint venture, as it seeks to improve performance of its Hong Kong-based subsidiary, the Minneapolis-based firm said today in a statement.