Perella Weinberg Shares Jump 11.9% on Report Piper Sandler in Acquisition Talks

Dow Jones·30 Sep 2026·

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M&A · Partnership Price Action Capital Markets

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Summary · why it matters

Shares of financial advisory firm Perella Weinberg Partners jumped 11.9% in the afternoon session after Morningstar reported that Piper Sandler is in talks to acquire the company. According to Morningstar, citing Dow Jones, Piper Sandler is holding talks to buy Perella Weinberg in a deal that would combine the two Wall Street advisory firms. Acquisition talks can lift a target's shares on expectations of a takeover premium, though preliminary negotiations may not produce a signed agreement or a completed transaction. The shares closed the day at $16.38, up 11.9% from the previous close. Perella Weinberg is down 6.7% since the beginning of the year, and at $16.38 per share, it is trading 32.7% below its 52-week high of $24.34 from February 2026.

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