Lots of companies try to turn themselves into mini-Berkshire Hathaway -style conglomerates, but Leucadia National Corp has had more success than most at pulling it off.The diversified services company, which struck a deal on Monday to acquire investment bank Jefferies Group Inc for $3.6 billion, models itself in more than cosmetic ways on Warren Buffett's empire.There is the spare corporate website, which bears a striking resemblance to Berkshire's similarly plain home page, plus the annual letters from Chairman Ian Cumming and President Joseph Steinberg, which read so much like Buffett's February missives that any reader could be forgiven for confusing the two.Leucadia, whose holdings range from real estate to mining, even has a joint venture with Berkshire - a commercial mortgage business called Berkadia that is one of the largest in the country. No wonder, then, that the company, although not widely known, is sometimes called "baby Berkshire."
Jefferies Group, Inc. is a United States-based firm that operates as a securities and investment banking firm. Shares of JEF traded higher by 12.05% or $1.72/share to $15.99. In the past year, the shares have traded as low as $9.50 and as high as $19.82. On average, 2213270 shares of JEF exchange hands on a given day and today's volume is recorded at 18109418.
Leucadia National Corporation (Leucadia) is a holding company. Shares of LUK fell by 4.45% or $-0.97/share to $20.83. In the past year, the shares have traded as low as $19.58 and as high as $29.79. On average, 739253 shares of LUK exchange hands on a given day and today's volume is recorded at 10769114.
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