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Stock Market & Financial Investment News

News Breaks
February 28, 2013
15:31 EDTLUK, JEFLeucadia, Jefferies announce shareholders approve merger
Leucadia National Corporation (LUK) and Jefferies Group (JEF) announced that the stockholders of Jefferies and the shareholders of Leucadia approved the merger between the two companies pursuant to which Jefferies’ stockholders will receive 0.81 of a share of Leucadia common stock for each share of Jefferies common stock they held and that the merger will be consummated effective March 1. In connection with the merger, Jefferies is also converting to a limited liability company, Jefferies Group LLC, which will be a subsidiary of Leucadia and will continue to be an SEC reporting company, regularly filing annual, quarterly, and periodic financial reports. Richard Handler, in addition to continuing in his role as CEO and Chairman of Jefferies, will become the CEO of Leucadia and one of its Directors. Brian Friedman, in addition to continuing in his role as Chairman of the Executive Committee of Jefferies, will become Leucadia’s President and one of its Directors. Joseph Steinberg, in addition to continuing to work full-time as an executive of Leucadia, will become Chairman of the Board of Leucadia. Ian Cumming will retire as Chairman of the Board and CEO of Leucadia but will continue in his role as a director of Leucadia.
News For JEF;LUK From The Last 14 Days
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November 26, 2014
09:22 EDTLUKLeucadia raises stake in Harbinger Group to 23.2%
Leucadia (LUK) disclosed in a filing that on November 25 the company entered into a Stock Purchase Agreement with Harbinger Capital Partners and Harbinger Capital Partners II pursuant to which Leucadia will purchase from the sellers or investment funds managed by the sellers an aggregate of 5M shares of Harbinger Group (HRG) common stock at a price of $12.90 per share, excluding a 7.5c per share commission to be received by Leucadia’s brokerage subsidiary.
November 25, 2014
15:39 EDTLUKLeucadia stake in Harbinger up to 22%, Bloomberg says
Harbinger Group's (HRG) largest shareholder Leucadia (LUK), has increased its stake in the firm by an additional 5M shares, says Bloomberg, citing a person with knowledge of the matter. The most recent share purchase increases Leucadia's stake in Harbinger Group to approximately 22%, added Bloomberg. Reference Link
November 17, 2014
07:12 EDTJEFBloomberg / Mayer Brown to co-host a conference
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