Comments (15)

Nov 10, 2010

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

Nov 10, 2010

nothing concrete, but if you search 'nomura jefferies' on google news, a few sources are saying things like 'nomura is interested in a US acquisition, and jefferies could be a target"

Nov 10, 2010

yeah thats all theres out there right now but its mentioned across news sources including FT, NYT, etc...very surprising news in my opinion

Nov 10, 2010

Friend at BAML alerted me to this but it's not going anywhere.

Nov 10, 2010
boutiquebank4life:

Friend at BAML alerted me to this but it's not going anywhere.

I would'nt be so sure. makes sense strategically for Nomura. and there are few full service investment banks that are compatible in the US

Nov 10, 2010

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.

Nov 10, 2010
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.

Nov 10, 2010

I dont think its happening. IMO Jefferies is a stronger bank and it would take a shitton to buy them out.

Nov 10, 2010

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.

Nov 10, 2010

thats a shame, the combination i feel would have a created a very significant player in the large cap NA marketplace. two solid, rising banks right there.

Nov 11, 2010

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

Nov 12, 2010
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...

Nov 12, 2010

Dang right. Boutiques rule and banks drool. Boutique for life. I prefer knowing everyone in the entire company by name and address.

Nov 12, 2010

Not gonna happen, Jefferies has been on an expansion binge and arguably has become pretty solid. Selling out to Nomura would be anathema to their future plans.

People like Coldplay and voted for the Nazis, you can't trust people Jeremy

Nov 13, 2010
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