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Thursday, November 15, 2012

Leucadia buying investment banker Jefferies Group


Leucadia National is buying the investment banking firm Jefferies Group for about $2.8 billion in stock in a deal executives said Monday would better position both companies for growth in the years ahead.

 The transaction will make Jefferies the largest business for a diversified holding company with more than $9 billion in assets, ranging from lumber and plastics manufacturers, energy production facilities and an oil and gas contract driller to medical product developers, a hotel and casino, wineries and other real estate interests.

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