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Leucadia Purchases AmeriCredit Shares

In an SEC filing Friday after close, Leucadia (LUK) disclosed the purchase of 975,000 shares of AmeriCredit (ACF) at $11.59 a share.

This brings Leucadia’s total holdings to 17,884,300 shares as of 1/23.

The 17,884,300 shares reflects 5,593,100 shares of common stock of the Issuer directly owned by Baldwin Enterprises, Inc. (“Baldwin”) and indirectly owned by Phlcorp, Inc. (“Phlcorp”) and Leucadia National Corporation (“Leucadia”), the Reporting Persons’ obligation to purchase 11,316,200 shares of common stock of the Issuer on February 25, 2008 pursuant to the terms of a share forward transaction.

The agreement between Baldwin and Jefferies & Company, Inc., dated January 11, 2008, and the Reporting Persons’ obligation to purchase 975,000 shares of common stock of the Issuer on the earlier of (i) February 15, 2008, and (ii) the termination of all waiting periods applicable to Baldwin under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, pursuant to the terms of a share forward transaction agreement between Baldwin Enterprises, Inc. and Ramius Capital Group, L.L.C. and its affiliates, entered into on January 23, 2008.

Disclosure (“none” means no position): None

Todd Sullivan's- ValuePlays

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