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flag Jefferies stock surged amid rumors of a potential buyout by Japan's Sumitomo Mitsui.

flag Shares of Jefferies Group surged after reports surfaced that Japan's Sumitomo Mitsui Financial Group is exploring a potential buyout of the U.S. investment bank. flag While no formal offer has been made and the discussions are reportedly in early stages, the speculation has sparked significant investor interest and trading activity.

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