Reuters · October 14, 2026

Perella Weinberg and Piper Sandler Abandon All-Stock Merger Talks, Financial Times Reports

• Piper Sandler and Perella Weinberg Partners have abandoned talks for an all-stock merger, the Financial Times reported on Wednesday, citing people familiar with the matter, according to the report.
• Shares of Perella Weinberg fell 16.3% to $13.48 after hitting a session low of $13.14, while shares of Piper Sandler rose 5%, according to the report.
• The companies were unable to agree on financial and personnel matters, the Financial Times reported, according to the report.
• Last month, the Wall Street Journal reported that Piper Sandler was in talks to buy Perella Weinberg, which had a market value of about $1.4 billion at the time, according to the report.
• Perella Weinberg and Piper Sandler did not immediately respond to Reuters requests for comment, according to the report.

Merger-talks, share-price and market-value details via the Financial Times and the Wall Street Journal, as cited in the original report; no response from Perella Weinberg or Piper Sandler is documented in the source beyond the statement above. Original headline: "Perella Weinberg, Piper Sandler abandon merger talks, FT reports".