Leucadia to buy Jefferies

Published November 12, 2012

| Reuters

Investment company Leucadia National Corp said it will buy Jefferies Group Inc, in a deal that values the investment bank at about $3.6 billion.

Under the agreement, Jefferies' shareholders will receive 0.81 Leucadia share for each share held.

The deal is expected to close during the first quarter of 2013.

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