Leucadia (LUK) Completes National Beef Acquisition
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Leucadia National Corporation (NYSE: LUK) has completed the acquisition of a controlling interest in National Beef Packing Company, LLC.
The transaction was previously announced on December 5, 2011. As a result of the transaction, Leucadia owns a 78.95% interest in National Beef and the other members of National Beef, U.S. Premium Beef, LLC, NBPCo Holdings, LLC and Timothy Klein, National Beef’s Chief Executive Officer, will hold a minority interest in National Beef.
The transaction was previously announced on December 5, 2011. As a result of the transaction, Leucadia owns a 78.95% interest in National Beef and the other members of National Beef, U.S. Premium Beef, LLC, NBPCo Holdings, LLC and Timothy Klein, National Beef’s Chief Executive Officer, will hold a minority interest in National Beef.
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