Weil Guides Leucadia On $2.6B Deal For Fellow Investor

Law360, New York (November 13, 2012, 3:51 PM EST) -- Leucadia National Corp., a New York-based holding company with wide-ranging investments, on Monday announced an approximately $2.6 billion stock-swap deal for investment banking firm Jefferies Group Inc., creating a $9 billion conglomerate with holdings in real estate, private equity, energy, health care and more.

Under the proposal, which has been endorsed by both companies' boards, Jefferies' $4.1 billion New York-headquartered investment business will become the largest operating subsidiary of Leucadia, which currently owns a 28.6 percent stake in the target, according to an investor presentation the...
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