Piper Jaffray Companies Completes Acquisition of Goldbond Capital Holdings Limited
October 02 2007 - 2:27PM
PR Newswire (US)
MINNEAPOLIS, Oct. 2 /PRNewswire-FirstCall/ -- Piper Jaffray
Companies (NYSE:PJC) announced that it has completed its
acquisition of Goldbond Capital Holdings Limited (Goldbond), a Hong
Kong-based investment bank. With this acquisition, Piper Jaffray
gains capital markets capabilities in Hong Kong that further its
mission of building the leading, international middle-market
investment bank and institutional securities firm. "We are very
pleased to complete the acquisition of Goldbond, which has the
capital markets capabilities that we require to expand our
successful business in Asia," said Andrew Duff, chairman and CEO of
Piper Jaffray. "With this combination, we can provide global access
to capital for both Piper Jaffray and Goldbond clients." About
Piper Jaffray Piper Jaffray Companies is a leading, international
middle-market investment bank and institutional securities firm,
serving the needs of middle-market corporations, private equity
groups, public entities, nonprofit clients and institutional
investors. Founded in 1895, Piper Jaffray provides a comprehensive
set of products and services, including equity and debt capital
markets products; public finance services; mergers and acquisitions
advisory services; high-yield and structured products;
institutional equity and fixed-income sales and trading; and equity
and high-yield research. With headquarters in Minneapolis, Piper
Jaffray has 25 offices across the United States and international
locations in London and Shanghai. Piper Jaffray & Co. is the
firm's principal operating subsidiary. (NYSE:PJC)
(http://www.piperjaffray.com/) Cautionary Note Regarding
Forward-Looking Statements This press release contains
forward-looking statements. Statements that are not historical or
current facts, including statements about beliefs and expectations,
are forward-looking statements. These forward-looking statements
cover, among other things, the future prospects of Piper Jaffray
Companies and its international operations. Forward-looking
statements involve inherent risks and uncertainties, and important
factors could cause actual results to differ materially from those
anticipated, including the following: (1) costs or difficulties
relating to the integration of the Goldbond and Piper Jaffray
businesses may be greater than expected and may adversely affect
our results of operations and financial condition; (2) the expected
benefits of the transaction, including revenue growth, increased
profitability and shareholder returns, may take longer than
anticipated to achieve and may not be achieved in their entirety or
at all; (3) the transaction expands our international operations,
which are subject to unique risks such as the risk of
non-compliance with foreign laws and regulations and economic and
political conditions in the countries where we operate; (4)
strategies with respect to the redeployment of proceeds from the
sale of our Private Client Services business may take longer than
anticipated to be realized or may not be achieved in their entirety
or at all; (5) developments in market and economic conditions have
in the past adversely affected, and may in the future adversely
affect, the business and profitability of Piper Jaffray; (6) Piper
Jaffray may not be able to compete successfully with other
companies in the financial services industry; and (7) other factors
identified under "Risk Factors" in Part I, Item 1A of our Annual
Report on Form 10-K for the year ended December 31, 2006, and
updated in our subsequent reports filed with the SEC. These reports
are available at our Web site at http://www.piperjaffray.com/ and
at the SEC Web site at http://www.sec.gov/. Forward-looking
statements speak only as of the date they are made, and we
undertake no obligation to update them in light of new information
or future events. Since 1895. Member SIPC and NYSE. DATASOURCE:
Piper Jaffray Companies CONTACT: Investor Relations, Jennifer A.
Olson-Goude, +1-612-303-6277, or Media Relations, Rob Litt,
+1-612-303-8266, both of Piper Jaffray Companies Web site:
http://www.piperjaffray.com/
Copyright
Piper Jaffray Companies (NYSE:PJC)
Historical Stock Chart
From Jul 2024 to Aug 2024
Piper Jaffray Companies (NYSE:PJC)
Historical Stock Chart
From Aug 2023 to Aug 2024
Real-Time news about Piper Jaffray Companies (New York Stock Exchange): 0 recent articles
More Piper Jaffray Cos News Articles