Piper Jaffray
Piper Jaffray is a client-focused, middle market investment bank and institutional securities firm founded in 1895 and based in Minneapolis, Minnesota.
Its Investment Banking activities include raising capital through equity and debt financings for corporate clients; providing financial advisory services relating to mergers and acquisitions to consumer, financial institutions, health care, technology, alternative energy, business services, and industrial growth sectors; underwriting debt issuances for government and non-profit clients; and providing financial advisory and interest rate risk management services.
The company's equity and fixed income institutional sales and trading activities include equity and fixed income advisory and trade execution services for public and private corporations, public entities, non-profit clients, and institutional investors.
StreetInsider.com Morning Movers:
SiRF Technology Holdings, Inc. (Nasdaq: SIRF) 54% HIGHER; Announced a stock-for-stock merger agreement with CSR plc. Under the terms of the agreement, SiRF stockholders will receive 0.741 of a CSR share for each share of SiRF common stock they own. Based on the closing stock price for CSR on February 9, 2009, this consideration would be equivalent to $2.06 of CSR stock for each SiRF share, representing total consideration of $136 million. This represents a premium to SiRF stockholders of approximately 91% over SiRF's closing stock price on February 9, 2009.
The Principal Financial Group (NYSE: PFG) 20% LOWER; reports Q4 EPS of $0.69, 3 cents better than the analyst estimate of $0.66. Q4 gross unrealized losses on MBS, ABS loss widens from $1.5 billion to $3 billion. Unrealized corporate debt losses rose from $2.8 billion to $5.1 billion.
Haynes International (Nasdaq: HAYN) 20% LOWER; reports Q1 ...
