Stifel Financial Acquires Thomas Weisel Partners Canada

Stifel Financial Corp. acquired Thomas Weisel Partners Group, Inc. and its Canadian investment dealer subsidiary, Thomas Weisel Partners Canada, Inc.

On July 1, 2010, each Thomas Weisel Partners share became exchangeable for 0.1364 shares of Stifel Financial common stock, for a total announced value of approximately US$300 million. The combined company will continue to operate under the Stifel Financial Corp. name and trade on the NYSE under the symbol “SF.”

Stifel Financial was advised by Bryan Cave LLP, with a team led by Robert Endicott and Todd Kaye.

Thomas Weisel Partners was represented by Sullivan & Cromwell LLP in the United States, with a team led by Scott Miller and Sarah Payne, and by Stikeman Elliott LLP in Canada with a team led by Kenneth Ottenbreit, Gordon Cameron and Marc-André Wolfe (corporate/M&A); Dean Kraus and Francesco Gucciardo (tax) and Shawn Neylan (regulatory).