Evercore Misses Filing Deadline

The investment firm blames the delay on an acquisition.
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Investment-banking boutique

Evercore

(EVR) - Get Report

is blaming a recent acquisition for its failure to meet a regulatory filing deadline.

The New York firm says it could not meet deadline for filing its quarterly report with the

Securities and Exchange Commission

because it is still determining the "appropriate accounting for transactions'' done by a Mexican asset-management firm it bought in August.

The missed filing deadline, which was disclosed in a regulatory filing Thursday, did not seem to trouble investors. Shares were trading up $1.80, or 5%, to $36.99.

Evercore, co-founded by Roger Altman, a former U.S. deputy treasury secretary, went public in August in a highly successful IPO. The stock is up 90% from its IPO price of $21 a share.