$LUK Buys $JEF for $2.76 Billion

“Leucadia National Corp. (LUK) agreed to buy the the portion of Jefferies Group Inc. (JEF) it doesn’t already own for about $2.76 billion.

Investors will receive 0.81 Leucadia share for each Jefferies share they own, the companies said today in a statement. The deal values the entire company at about $3.59 billion, based on data from the company’s most recent 10-Q regulatory filing. Jefferies management will run the firm, according to the report.”

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