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Stock Market & Financial Investment News

News Breaks
January 9, 2013
09:36 EDTBRK.A, LUK, BRK.BBerkadia Commercial Mortgage acquires Hendricks & Partners
Berkadia Commercial Mortgage announced the expansion of its U.S. presence through its acquisition of Hendricks & Partners. The acquisition closed on December 31, 2012. Effective immediately, Hendricks & Partners will operate under the name Hendricks-Berkadia. Current Hendricks & Partners CEO, Don Hendricks, will join Berkadia's Executive Committee as the CEO of Hendricks-Berkadia and Executive Vice President of Berkadia. Berkadia Commercial Mortgage is a joint venture between Berkshire Hathaway (BRK.A, BRK.B) and Leucadia National (LUK).
News For B;LUK From The Last 14 Days
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December 16, 2014
07:46 EDTLUKJefferies says pursuing strategic alternatives for Bache business
Jefferies says "As a result of the growth and margin challenges we have recently faced in the Bache business we acquired in mid-2011, we are pursuing strategic alternatives for this business, and discussions with third parties in this regard are already underway. We are focused on the potential combination of Bache with another similar business that improves the combined businesses’ competitive standing and margin. In connection with this, we have reversed the entire $52M in goodwill and $8M of the intangible assets that were both allocated to the Bache business as a function of the purchase accounting that arose upon our 2013 transaction with Leucadia."

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