Quantcast

SLIDESHOW

ACG New York Women of Leadership - Entrepreneur Series
Barbara Bradley Baekgaard, founder of Vera Bradley (Nasdaq: VRA), is the latest in a series of entrepreneurs highlighted at ACG New York Women of Leadership events. Photo credit: Robert Blumenfeld

Watercooler

GTCR, Hormel, the Riverside Co-CEOs and Others Win M&A Mid-Market Awards
Amid a slow and challenging year for dealmaking, the winners of Mergers & Acquisitions’ 7th Annual M&A Mid-Market Awards outpaced the competition to grow, innovate and lead the middle market

Roundtable

Financial Services Companies Heat Up M&A Market
Speakers from Flexpoint Ford, Genstar Capital, Baird Capital, Madison Capital Funding and Katten Muchin Rosenman discuss the various factors playing a role in M&A activity within the financial services space

Expert's Corner

Pursuing Pharma Manufacturing
The fragmented pharmaceutical manufacturing industry provides plenty of opportunities for private equity investors, says JLL Partners founder Paul Levy

Today's Transactions
Jefferies Group and Leucadia National to Merge

Jefferies will operate its investment banking business under Leucadia

 

 

Investment bank Jefferies Group (NYSE: JEF) and holding company Leucadia National Corp. (NYSE: LUK) will merge in a deal that includes $9 billion in shareholder equity.
 
With the exception of Leucadia, Jefferies shareholders will receive 0.81 shares of Leucadia common stock for each share of Jefferies common stock they hold. Leucadia currently owns about 28.6 percent of Jefferies outstanding shares.
 
The shareholders of both companies still need to approve the deal.
 
The companies are considering spinning out Leucadia’s crimson wine group, which is valued at $197 million, according to the merger agreement. Jefferies will continue to operate its investment banking business under Leucadia.  
 
R. Alec Dawson, Sheryl Orr, Robert Robison, Stephen Farrell, Kenneth Kail and Richard Petretti from Morgan Lewis & Bockius LLP served as legal advisers to Jefferies Group.
Martin Bienenstock and Lorenzo Borgogni from Proskaur Rose LLP served as counsel to Leucadia's board of directors.

 

 

For more information on related topics, visit the following: