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Cravath, Swaine & Moore LLP

10/01/2025 | Press release | Distributed by Public on 10/01/2025 08:51

TXSE Group Secures SEC Approval of Texas Stock Exchange

On September 19, 2025, Jefferies Financial Group, Inc. ("Jefferies") and Sumitomo Mitsui Financial Group, Inc., Sumitomo Mitsui Banking Corporation and SMBC Nikko Securities Inc. (collectively, "SMBC Group") announced they are significantly expanding their Global Strategic Alliance. This will include a joint venture to combine their Japanese equities and ECM businesses. As part of this expansion, SMBC intends to increase its equity ownership in Jefferies to up to 20% in the open market. Cravath is representing Jefferies in connection with the transactions.

Cravath, Swaine & Moore LLP published this content on October 01, 2025, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on October 01, 2025 at 14:52 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]

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