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Stifel Financial discloses partial exercise of overallotment option in offering
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Underwriters of Stifel Financial Corp.'s offering of 6 million depositary shares exercised in part their overallotment option and bought 400,000 depositary shares.
Stifel completed the sale of the 6 million depositary shares on Feb. 28. Each depositary share represents a 1/1,000th interest in a share of perpetual 6.25% noncumulative preferred stock.