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Jefferies gains on reports of potential Sumitomo Mitsui takeover interest

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Jefferies shares rose on Tuesday after reports that Sumitomo Mitsui Financial Group is preparing plans for a potential takeover of the US investment bank. Jefferies told CNBC it is not interested in selling, which tempers deal odds in the near term—monitor share reaction and any confirmatory filings or comments.

Analysis

Jefferies shares rose on Tuesday after reports that Sumitomo Mitsui Financial Group is preparing plans for a potential takeover of the US investment bank. Jefferies told CNBC it is not interested in selling, which tempers deal odds in the near term—monitor share reaction and any confirmatory filings or comments.

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