Simmons & Company: Piper Jaffray to acquire Simmons in energy push

Piper Jaffray Cos., the investment bank founded in 1895, agreed to buy Simmons & Co. for dealmaking in the energy industry. Piper Jaffray will add more than 170 professionals offering merger-and-acquisition advice, equity research and sales and trading, the Minneapolis-based company said Tuesday in a statement. The buyer will pay $139 million, with $91 million in cash ...