Jefferies to sell 14% stake
Leucadia National Corp. has agreed to acquire a 14% stake in Jefferies Group Inc. and receive two seats on the bank’s board of directors.
Leucadia National Corp. has agreed to acquire a 14% stake in Jefferies Group Inc. and receive two seats on the bank’s board of directors, according to a filing with the Securities and Exchange Commission yesterday.
Leucadia National will exchange 10 million shares of its own stock for 26.6
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