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Mergers & Acquisitions ·

SMBC plans to buy up to 13M more Jefferies shares, raising stake to 20%

JEFJefferies Financial Group Inc.

Jefferies Financial Group announced that Mr. Hyakutome has been nominated to its Board of Directors, replacing Toru Nakashima as part of the company's strategic alliance with SMBC Group. Additionally, SMBC intends to increase its economic ownership in Jefferies to up to 20% by purchasing approximately 13 million additional common shares in the open market.

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