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Perella Weinberg Partners shares rise 3.41% intraday after acquiring Devon Park Advisors, expanding product offerings.
ByAinvest
Friday, Aug 1, 2025 2:49 pm ET1min read
Perella Weinberg Partners rose 3.41% intraday, with the company announcing the acquisition of Devon Park Advisors, LLC, which will expand its product offering to financial sponsors and other alternative asset managers. The transaction is expected to be completed early in the fourth quarter, following regulatory approval. Additionally, the company reported earnings results for the second quarter, with net income of USD 2.74 million compared to a net loss of USD 66.03 million a year ago.
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