Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - Jefferies Financial Group Inc. | mm04-0811_8k.htm |
Exhibit 99.1
April 8, 2011
FOR IMMEDIATE RELEASE
Contact: Laura Ulbrandt (212) 460-1900
LEUCADIA TO PURCHASE ADDITIONAL COMMON STOCK OF JEFFERIES GROUP, INC.
New York, New York, April 8, 2011 -- Leucadia National Corporation (NYSE: LUK) announced today that it has agreed to purchase $125 million of the common stock of Jefferies Group, Inc. (NYSE: JEF) as part of a $500 million common stock offering announced by Jefferies on April 7, 2011.
Immediately prior to this offering, Leucadia owned approximately 27.83% of Jefferies. After giving effect to the offering and Leucadia’s purchase of shares, Leucadia will now own approximately 27.54% of Jefferies common stock.