NYSE:EVRCapital Markets
Evercore Robey Warshaw Deal Tests International Growth And Earnings Ambitions
Evercore (NYSE:EVR) has agreed to acquire UK based advisory firm Robey Warshaw.
The deal is intended to support Evercore’s global expansion and broaden its advisory capabilities.
The acquisition is expected to be accretive to Evercore’s earnings in its first full year after closing.
Evercore comes into this deal after a 1 year return of 77.5% and a 3 year return that is more than 3x, with shares most recently closing at $347.98. The stock’s 30 day return of 25.0% highlights how active...