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Deutsche Bank splurges £410 million on Numis. Good luck to all concerned!

By Chris Bailey of Financial Orbit | Friday 28 April 2023


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


I guess today is a good day if you own Numis (NUM) shares as “the Board of Numis and the Management Board of Deutsche Bank are pleased to announce that they have reached agreement on the terms of a recommended all-cash offer by Deutsche Bank for the entire issued and to be issued share capital of Numis”. And at 350 pence a share, it will be a level not seen since mid-2021 (and various other market peaks historically).
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