MM Warburg Said to Explore Sale After Role in Tax Scandal [BNN Bloomberg (Canada)]
Perella Weinberg Partners - Class A (PWP)
Company Research
Source: BNN Bloomberg
Shareholders of the Hamburg-based bank are working with advisers at Perella Weinberg Partners to review strategic options, according to the people. They could start gauging interest from potential buyers later this year, the people said, asking not to be identified discussing confidential information. Deliberations are at an early stage and there's no certainty they will result in a deal, they said. Representatives for M.M. Warburg, the owners and Perella Weinberg declined to comment. M.M. Warburg, whose roots date back to 1798, has been rattled for years by the so-called Cum-Ex scandal in which traders exploited the way dividend tax was collected so that multiple investors could claim refunds on a tax that was only paid once. Scores of European and American banks participated at various levels, and by the time Germany stopped the trades in 2012, the practice may have cost the country as much as €10 billion ($10.7 billion). Two former M.M. Warburg bankers were convicted of ta
Show less
Read more
Impact Snapshot
Event Time:
PWP
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
PWP alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
PWP alerts
High impacting Perella Weinberg Partners - Class A news events
Weekly update
A roundup of the hottest topics
PWP
News
- Arini Among Creditors Set to Take Over Bain Capital's Consolis [Yahoo! Finance]Yahoo! Finance
- Bain Capital to Hand Precast Concrete Firm Consolis to Creditors [BNN Bloomberg (Canada)]BNN Bloomberg
- Perella Weinberg Partners (NASDAQ:PWP) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Perella Weinberg Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Perella Weinberg Reports First Quarter 2024 ResultsGlobeNewswire
PWP
Sec Filings
- 5/8/24 - Form 4
- 5/3/24 - Form 10-Q
- 5/3/24 - Form 8-K
- PWP's page on the SEC website