US EditionJefferies shares surge on report of Japan's SMFG preparing for potential buyout
Sumitomo Mitsui Financial Group plans a possible takeover as Jefferies shares fall 36–40% this year, with SMFG holding a 20% stake and preparing for opportunities.
8 Articles
8 Articles
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
The decline in the Jefferies Stock Exchange price boosted Sumitomo Mitsui's appetite, already a shareholder of 20% of the US investment bank, unveiled the Financial Times.
Jefferies shoots on the stock market following a Financial Times report that points to Sumitomo Mitsui's interest in acquiring the investment bank.
Japan's second largest bank, Sumitomo Mitsui Financial Group, plans a possible acquisition of Jefferies, amid investors' concerns about one of the most important...
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