Investment company Leucadia National Corp said it will purchase Jefferies Group Inc, in a deal that values the investment bank at about $3.6 billion.Leucadia, which has been called a mini Berkshire Hathaway for its holdings ranging from real estate to mining, already holds about 29 percent of Jefferies.Under the agreement, Jefferies' shareholders will receive 0.81 Leucadia share for each share held, or $17.66 based on Friday closings, representing a premium of 24 percent to Jefferies Friday closing price of $14.27.Jefferies shares were trading at $17.40 before the bell on Monday, while Leucadia shares were up 3.4 percent at $22.55.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-A remained unchanged at $127585.00. In the past year, the shares have traded as low as $110092.00 and as high as $136345.00. On average, 48343 shares of BRK-A exchange hands on a given day and today's volume is recorded at 0.
Berkshire Hathaway Inc. (Berkshire) is a holding company owning subsidiaries engaged in a number of diverse business activities. Shares of BRK-B remained unchanged at $85.18. In the past year, the shares have traded as low as $72.60 and as high as $90.93. On average, 4006430 shares of BRK-B exchange hands on a given day and today's volume is recorded at 100.
Jefferies Group, Inc. is a United States-based firm that operates as a securities and investment banking firm. Shares of JEF remained unchanged at $14.27. 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 9100.
Leucadia National Corporation (Leucadia) is a holding company. Shares of LUK remained unchanged at $21.80. 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 3420.
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