In a just released SEC filing. Leucadia (LUK) announced:
“Reference is made to the Current Report on Form 8-K filed by Leucadia National Corporation (the “Company”) on April 21, 2008. As disclosed in the original Form 8-K, pursuant to a transaction with Jefferies Group, Inc. (“Jefferies”) entered into on April 20, 2008, Leucadia acquired 26,585,310 shares of common stock of Jefferies, representing 19.98% of the 133,059,610 shares of Jefferies common stock then outstanding and received the right to nominate two directors to the board of Jefferies until April 21, 2010, as a result of which Ian M. Cumming, the Company’s Chairman, and Joseph S. Steinberg, a director of the Company and its President, were appointed to fill two newly created vacancies on the Jefferies board of directors as designees of the Company. The Jefferies shares acquired pursuant to the transaction, when added to the 4,265,800 shares of Jefferies common stock previously acquired by the Company in open market purchases, together with the Company’s representation on the Jefferies board of directors, enabled the Company to qualify for using the equity method of accounting for this investment.
Since April 21, 2008, the Company has acquired an aggregate of 17,734,275 additional shares of Jefferies common stock in open market purchases for aggregate cash consideration of $321,884,000. As of May 27, 2008, the Company owned an aggregate of 48,585,385 Jefferies common shares (approximately 30.0% of the Jefferies shares of common stock outstanding at May 14, 2008), for a total investment of $794,358,000.”
Disclosure (“none” means no position):None
