Jefferies Group (JEF.N) said on Thursday it would buy Prudential Financial's (PRU.N) global commodities and derivatives trading business for $430 million. The deal is Jefferies' latest push to expand into new lines of business to better compete with larger Wall Street firms like Goldman Sachs and Morgan Stanley. The business, Prudential Bache's Global Commodities Group, is a broker for listed derivatives, including futures and options. It also clears trades, and does over-the-counter trading in foreign exchange, base and precious metals, and energy and agriculture swaps.
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