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Stock Market & Financial Investment News

News Breaks
February 1, 2013
16:07 EDTLUK, JEFLeucadia declares spin-off dividend of Crimson Wine shares
The board of Leucadia National Corporation (LUK) declared a pro rata dividend of all of the shares of common stock of its wholly-owned subsidiary, Crimson Wine Group, which holds all of Leucadia's wine operations. The dividend will result in the separation of the two companies, as required by the merger agreement between Leucadia and Jefferies Group (JEF). On the distribution date, which is expected to be February 25, Leucadia shareholders of record as of 5 p.m. EST on February 11, will receive one share of Crimson common stock for every 10 Leucadia common shares they hold, with cash in lieu of fractional shares to be distributed thereafter.
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April 9, 2014
14:10 EDTLUKLeucadia CFO Joseph Orlando to retire for health reasons
Leucadia National Corporation announced that Joseph A. Orlando, its CFO, intends to retire by August 31 due to orthopedic health issues that require his attention. A search is underway to recruit Orlando’s successor.

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