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25.03.2026 9:00
A Jefferies Takeover Is aTough Ask for Japans SMFG The history of Japanese deals forUS investment banks is checkered at best. With one outright disaster, and several instances where the Americans have achievedthe upper hand, Sumitomo Mitsui Financial Group Inc. ought to be wary of turning its stake in Jefferies Financial Group Inc. into a full-blown takeover.