JMP Securities Downgrades Jefferies Group (JEF) to Market Perform

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Go back to JMP Securities Downgrades Jefferies Group (JEF) to Market Perform

Leucadia National (LUK) to Acquire Jefferies (JEF) in All-Stock Deal Valued at ~$3.7B

November 12, 2012 7:05 AM EST

Leucadia National Corporation (NYSE: LUK) and Jefferies Group, Inc. (NYSE: JEF) today announced that the Boards of Directors of both companies have approved a definitive merger agreement under which Jefferies shareholders (other than Leucadia, which currently owns approximately 28.6% of the Jefferies outstanding shares) will receive 0.81 of a share of Leucadia common stock for each share of Jefferies common stock they hold. This exchange is intended to be tax-free to Jefferies shareholders. The merger, which is expected to close during the first quarter of 2013, is subject to customary closing conditions,... More

Jefferies Group (JEF) getting bought by Leucadia (LUK) in a deal worth $3.7B - CNBC

November 12, 2012 6:49 AM EST

Jefferies Group, Inc. (NYSE: JEF) getting bought by Leucadia National (NYSE: LUK) in a deal worth $3.7B, 23% premium. - CNBC's Faber... More