Update: Market Chatter: Piper Sandler, Perella Weinberg Partners End Merger Talks

04:27 PM EDT, 10/14/2026 (MT Newswires) -- (Updates with share price movements in the third paragraph) Piper Sandler (PIPR) and Perella Weinberg Partners (PWP) have ended talks of an all-stock merger as they failed to reach an agreement on financial and personal matters, the Financial Times reported Wednesday, citing people familiar with the matter. The companies have been negotiating lock-up agreements with several Perella bankers to keep them aboard for years, but a sufficient number did not agree to the deal, sources told the media outlet. Piper Sandler shares were marginally up during after-hours trading, while Perella Weinberg Partners shares fell 0.1%. Piper Sandler and Perella Weinberg Partners did not immediately respond to a request for comment from MT Newswires. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)