Once at the top of its game, advisor Nomura Holdings is now facing one of its biggest slumps as the merger deal that was supposed to be its largest of the year suddenly imploded.
According to reports, Nomura, Japan’s largest securities firm, is set to have its fourth straight year below the nation’s top spot of merger advisors; the firm is now in fifth place.
A $3.2 billion acquisition of Softbank’s eAccess by Yahoo Japan was suddenly scraped earlier this month. Reports say the transaction now marks the largest to be abandoned in Japan in a decade.
The merger’s demise has pushed Nomura even further down the rankings from fourth to fifth place in M&A advisors. Now, reports say, the company is looking to US bankers to strengthen its overseas operations.
Full content: Bloomberg
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