NEW YORK (AP) — 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.
Recommended Stories
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.