UK's Numis Corp surges on Deutsche Bank deal

Numis

28/04/2023 08:30

** Shares of Numis Corp Plc  NUM.L  surge as much as 68% to
343p, stock top pct gainer across London shares
    ** Deutsche Bank  DBKGn.DE  agrees to buy the London-based
institutional stockbroker and corporate adviser for about 410
mln pounds ($511.2 mln) as the German company deepens links with
the UK corporate client segment
    ** The 350p-per-share, all-cash offer represents a premium
of 72% to Numis stock's Thursday close
    ** Deutsche Bank said it will combine its existing UK and
Ireland corporate finance business with Numis and intends to
co-brand with Numis for the relevant UK activities
    ** Stock hits highest level since Jan, 18, 2022
    ** At session high, stock has soared about 80% YTD
    
($1 = 0.8021 pounds)

 (Reporting by Aby Jose Koilparambil in Bengaluru)
 ((abyjose.koilparambil@thomsonreuters.com))