Previous close | 0.2000 |
Open | 0.2000 |
Bid | 0.1500 |
Ask | 0.2500 |
Strike | 12.50 |
Expiry date | 2024-07-19 |
Day's range | 0.2000 - 0.2000 |
Contract range | N/A |
Volume | |
Open interest | 411 |
Jefferies (JEF) furthers its strategic alliance with SMBC in the Canadian market to capitalize on enhanced M&A opportunities. With this move, the company seeks to gain a competitive edge in the Canada region.
The companies said on Thursday they have worked together on cross-border mergers and acquisitions, healthcare and leveraged finance since 2021. U.S. investment banks have been sharpening their focus on Canada, which offers a competitive advantage. Easing wage inflation and potential interest rate cuts in Canada are expected to boost mergers and acquisitions (M&A) in 2024, analysts have said.
NEW YORK & TORONTO, April 04, 2024--Jefferies Financial Group Inc. (NYSE: JEF) ("Jefferies") and SMBC Group announced today that they have expanded their global strategic alliance to enhance collaboration on future corporate and investment banking business opportunities within the Canadian market. SMBC Group comprises Sumitomo Mitsui Financial Group, Inc. (NYSE: SMFG) ("SMFG"), Sumitomo Mitsui Banking Corporation ("SMBC"), SMBC Nikko Securities America, Inc., SMBC Nikko Securities Canada, Ltd.,