JMP Securities Downgrades Jefferies Group (JEF) to Market Perform
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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
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
