I can't find this corroborated anywhere else, and JEF stock hasn't moved...anyone heard anything?

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 
boutiquebank4life:
What is your source? First hand says that they're looking elsewhere. Or is this from your inherently amazing instincts built up over 2 months from your role as a prospective investment banker college student.
You said you heard from a friend at BAML? How is that first hand? We're talking Nomura/Jeffries here.
- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

First of all, it's spelled "Jefferies". Secondly, maybe because the guy had something to do with the pitch? I won't say more.

Not saying it's not a good move, just saying its probably not going to happen and its not because jeff's ibd is stronger. I mean look at Dean Witter (commoner) buying out MS, BoA buying ML, barcap buying lehman, etc.

 
Best Response
ra:
Better idea: they instead acquire an elite boutique (Evercore/Greenhill).

2 reasons: 1) Smaller investment (see market caps) 2) High profile deals, even if not that many - being on these types of deals is more important than doing a large number of mid-market deals if they want to become a bulge bracket

completely different businesses... plus shares controlled by employees....so would be very difficult to convince them. plus the guys who move to boutiques would not be happy being back at at BB...

 

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