Leucadia (LUK) to Acquire 79% of Outstanding Ownership Interests in National Beef
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U.S. Premium Beef, LLC (USPB) and National Beef Packing Company, LLC (National Beef) today announced that the owners of National Beef have entered into a Membership Interest Purchase Agreement with Leucadia National Corporation (NYSE: LUK) under which Leucadia will acquire approximately 79% of the outstanding ownership interests in National Beef. The operations and management structure of National Beef will remain unchanged.
The transaction is subject to certain conditions and will require customary regulatory approvals. It is expected to close by the end of calendar year 2011.
The transaction is subject to certain conditions and will require customary regulatory approvals. It is expected to close by the end of calendar year 2011.
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