Jefferies shares surge on report of Japan's SMFG preparing for potential buyout

Jefferies shares surge on report of Japan’s SMFG preparing for potential buyout

SMGF could make a move if the U.S. investment bank’s share price falls amid concerns over its lending standards and risk appetite

Jefferies rises after report of potential takeover from Japan’s SMFG

Whilst the potential move is not imminent, SMFG has assembled a small team to act if a continued drop in Jefferies’ share price creates an opportunity, per the FT.

Japan’s SMFG prepares for possible takeover of Jefferies, FT reports

It is preparing for a potential move if a drop in the US investment bank’s share price creates an opportunity, sources say

Jefferies shares surge on report of Japan's SMFG preparing for potential buyout

March 24 : Jefferies shares surged 10 per cent in premarket trading on Tuesday after the Financial Times reported that Japan's Sumitomo Mitsui Financial Group is working on plans for a possible takeover of the U.S. investment bank.SMFG, which owns a 20 per cent stake in the bank, has assembled a small team to