Deutsche Bank announced that it has reached an agreement on the terms of a recommended all-cash offer for the acquisition of Numis Corporation Plc. Numis is a UK corporate broking and advisory house providing strategic advice and capital market connectivity to 166 retained corporate broking clients. Under the terms of the Transaction, Numis shareholders will be entitled to receive a total of 350 pence per share, valuing Numis at approximately GBP 410 million. The Board of Numis intends to recommend the Transaction unanimously to Numis shareholders. Deutsche Bank has received an irrevocable undertaking from Numis’ largest shareholder to vote in favour of the Transaction. The Transaction is expected to complete during the fourth quarter of 2023, subject to certain conditions including approval by Numis shareholders and receipt of regulatory approvals. Assuming closing in Q4 2023, Deutsche Bank anticipates that the transaction will be EPS accretive from 2024 and will deliver an attractive return on regulatory capital consumed. The CET1 ratio impact at closing is expected to be approximately 9 basis points. See today’s best-performing stocks on TipRanks >>
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