Sumitomo Mitsui Financial Group Explores Possible Takeover of Jefferies, FT Reports, Citing Sources

Dow Jones03-24

--Sumitomo Mitsui Financial Group is working on plans for a possible takeover of Jefferies, the Financial Times reported, citing sources.

--SMFG, whose Sumitomo Mitsui Banking Corp. subsidiary holds a minority stake in Jefferies, has tasked a small team to be ready to act if the U.S. investment bank's share price presents an opportunity, the report said, citing sources.

--Any move by SMFG isn't imminent, the people said. They added it is also uncertain whether Jefferies executives would be willing to sell at a depressed share price, according to the FT.

--Jefferies declined a FT request for comment. A spokesperson for SMFG told the FT: "Jefferies is our important partner. We decline to comment on hypothetical assumptions or rumors."

Full story: https://www.ft.com/content/06ada6ab-47bb-4387-bcdf-b9c38417e9b4?syn-25a6b1a6=1

Write to Kimberley Kao at kimberley.kao@wsj.com

(END) Dow Jones Newswires

March 24, 2026 04:24 ET (08:24 GMT)

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We decline to comment on hypothetical assumptions or rumors.\" \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Full story: https://www.ft.com/content/06ada6ab-47bb-4387-bcdf-b9c38417e9b4?syn-25a6b1a6=1 \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  Write to Kimberley Kao at kimberley.kao@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  March 24, 2026 04:24 ET (08:24 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JEF","symbol_name":"杰富瑞","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2621052124","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2621052124","pubTimestamp":1774340640,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"--Sumitomo Mitsui Financial Group is working on plans for a possible takeover of Jefferies, the Financial Times reported, citing sources.--SMFG, whose Sumitomo Mitsui Banking Corp. subsidiary holds a minority stake in Jefferies, has tasked a small team to be ready to act if the U.S. investment bank's share price presents an opportunity, the report said, citing sources.--Any move by SMFG isn't imminent, the people said. 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They added it is also uncertain whether Jefferies executives would be willing to sell at a depressed share price, according to the FT. \n\n\n  --Jefferies declined a FT request for comment. A spokesperson for SMFG told the FT: \"Jefferies is our important partner. We decline to comment on hypothetical assumptions or rumors.\" \n\n\n \n\n\n  Full story: https://www.ft.com/content/06ada6ab-47bb-4387-bcdf-b9c38417e9b4?syn-25a6b1a6=1 \n\n\n \n\n\n  Write to Kimberley Kao at kimberley.kao@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  March 24, 2026 04:24 ET (08:24 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.38.0","shortVersion":"4.38.0","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2621052124","isCrawlerRequest":true}