MINNEAPOLIS--(BUSINESS WIRE)--Mar. 1, 2012--
Piper Jaffray Companies (NYSE: PJC) today stated in response to media
attention that, in the ordinary course of business, it routinely
evaluates corporate development ideas and opportunities. These include
possibilities in the Asia market, such as a joint venture, as the
company considers alternatives for improving the performance of its
small Hong Kong-based subsidiary. As it considers these Asia
alternatives, however, Piper Jaffray intends to remain an independent
public company.
About Piper Jaffray
Piper Jaffray is a leading investment bank and asset management firm
serving clients in the U.S. and internationally. Proven advisory teams
combine deep product and sector expertise with ready access to global
capital. Founded in 1895, the firm is headquartered in Minneapolis and
has offices across the United States and in Hong Kong, London and
Zurich. www.piperjaffray.com
© 2012 Piper Jaffray Companies, 800 Nicollet Mall, Suite 800,
Minneapolis, Minnesota 55402-7020
Source: Piper Jaffray Companies
Piper Jaffray
Jennifer A. Olson-Goude, 612 303-6277
Investor
Relations and Corporate Communications
