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Investment Banking · Jefferies · SMFG · Takeover
Takeover discussions are circulating around Jefferies, with Japan’s Sumitomo Mitsui Financial Group (SMFG) reportedly exploring a potential acquisition of the investment bank, causing Jefferies shares to rally over 3% on Tuesday.
The Financial Times reported SMFG directed a small team to ensure readiness if Jefferies’ share price presents an opportunity. Jefferies shares (JEF) previously fell 34% in 2026 due to scrutiny over its exposure to bankrupt auto parts manufacturer First Brands.
The Financial Times also stated a move by SMFG is not imminent and regulatory barriers exist. Bloomberg, citing direct knowledge, reported SMFG has no immediate plans to take over Jefferies.
Both Jefferies and SMFG spokespersons provided "no comment" to InvestmentNews. Existing links between the companies include a 2021 strategic alliance between SMFG’s Sumitomo Mitsui Banking Corporation (SMBC) subsidiary and Jefferies.
Last year, SMBC increased its equity stake in Jefferies to 20% and provided approximately $2.5 Billion in new credit facilities.
SMFG Explores Jefferies Takeover; Shares Climb(current)
