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Leucadia National Announces Spin-off of Crimson Wine Group Shares
Sunday, February 3, 2013 - 7:49am | 138The Board of Directors of Leucadia National Corporation (NYSE: LUK) (“Leucadia”) today declared a pro rata dividend of all of the shares of common stock of its wholly-owned subsidiary, Crimson Wine Group, Ltd. (“Crimson”), which holds all of Leucadia's wine operations. The...
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Leucadia Confirms Spin-Off Dividend of Crimson Wine
Friday, February 1, 2013 - 4:09pm | 125The Board of Directors of Leucadia National Corporation (NYSE: LUK) (“Leucadia”) today declared a pro rata dividend of all of the shares of common stock of its wholly-owned subsidiary, Crimson Wine Group, Ltd. (“Crimson”), which holds all of Leucadia's wine operations. The dividend will result in...
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Leucadia National Says Tender Inment Shares to Bid by First Quantum; Owns About 15.9% Inmet Shares
Thursday, January 10, 2013 - 3:12pm | 110Leucadia National Corporation (NYSE: LUK) announced today that it has filed a report with Canadian securities regulators disclosing that, based on current publicly available information, and in the absence of changed circumstances or new information (including an alternative transaction that would...
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Benzinga's M&A Chatter for Monday November 12, 2012
Monday, November 12, 2012 - 4:51pm | 427The following are the M&A deals, rumors and chatter circulating on Wall Street for Monday November 12, 2012: Leucadia to Acquire Jefferies in $2.8B Stock Deal The Deal:Leucadia National Corporation (NYSE: LUK) and Jefferies Group (NYSE: JEF) announced Monday that the Boards of Directors of...
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Titanium Metals Surges 40% on Takeover
Monday, November 12, 2012 - 3:47pm | 183Shareholders of Jefferies (NYSE: JEF) may have enjoyed their gains on Monday, as Leucadia National's (NYSE: LUK) purchase of the bank dominated the financial news. However, the gains seen in Jefferies were relatively modest when compared to the gains in Titanium Metals (NYSE: TIE). Shares of...
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Leucadia National Shares Tumble After Purchase of Jefferies
Monday, November 12, 2012 - 10:53am | 340Shares of investment bank Jefferies (NYSE: JEF) rallied strongly higher on Monday, up over 15 percent at one point, after Leucadia National (NYSE: LUK) purchased the company for about $2.76 billion. Shares of Leucadia initially opened higher, but traded lower shortly after the open -- traders may...
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Benzinga's Top Pre-Market Gainers
Monday, November 12, 2012 - 8:13am | 140Celgene (NASDAQ: CELGZ) moved up 100.84% to $6.25 in the pre-market session. Celgene's pancreatic cancer drug Abraxene improved overall survival rates in a phase III study. Titanium Metals (NYSE: TIE) surged 42.61% to $16.50 in the pre-market session. Precision Castparts (NYSE: PCP) announced its...
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UPDATE: Leucadia National to Acquire Jefferies Group
Monday, November 12, 2012 - 7:05am | 132Leucadia National Corporation (NYSE: LUK) and Jefferies Group, Inc. (NYSE: JEF) announced today that they will hold a conference call with management at 9:00 AM Eastern today, November 12, 2012, to discuss their publicly announced merger agreement. Participants on the...
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Mueller Industries Says Repurchasing 10.422M Shares of Stock Owned by Leucadia National for $41
Monday, September 24, 2012 - 6:35am | 166Mueller Industries, Inc. (NYSE: MLI) announced today that it has entered into an agreement to repurchase 10,422,859 shares of Mueller common stock owned by Leucadia National Corporation (and its subsidiaries) (NYSE: LUK) at a negotiated price per share of $41.00, for an aggregate purchase price of...
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5 Conglomerates Stocks With The Highest Profit Margin
Friday, June 22, 2012 - 6:27am | 146Below are the top stocks in the conglomerates sector in terms of profit margin. The trailing-twelve-month profit margin at New Mountain Finance (NYSE: NMFC) is 60.51%. New Mountain Finance's revenue for the same period is $64.33 million. The trailing-twelve-month profit margin at Rayonier (NYSE:...
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Cheapest S&P 500 Stocks: Ford, AIG, and Leucadia
Monday, February 27, 2012 - 3:51pm | 328Warren Buffett appeared on CNBC this morning and reiterated his bullishness on the U.S. equities. As a noted valued investor, Buffett tends to look for undervalued companies that are trading below their intrinsic values. Investors could see this as a signal that despite the recent rally in the...
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Leucadia National Corporation to Redeem Its 7-1/8% Senior Notes and 8.65% Junior Subordinated Deferrable Interest Debentures
Tuesday, January 31, 2012 - 12:17pm | 108Leucadia National Corporation (NYSE: LUK) announced today that it intends to call for redemption on March 15, 2012 (the “Redemption Date”) all of the aggregate principal amount outstanding of its 7-1/8% Senior Notes due 2017 (the “Notes”) and all of the aggregate principal amount outstanding of its...
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Mad Money Lightning Round: Cramer Likes Snap-on
Thursday, November 17, 2011 - 3:56am | 290On CNBC's Mad Money, Jim Cramer said during the Lightning Round that Leucadia National (NYSE: LUK) is a “pastiche of finance. I don't know enough about what's inside it to know if it's a buy.” For Pitney Bowes (NYSE: PBI), he said, "I have to have them back on the show. That yield is a big red...
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Seven Stocks Insiders Are Buying
Friday, November 11, 2011 - 11:39am | 811Insiders may sell shares for any number of reasons. But there is really only one reason insiders buy shares of a company -- they believe the stock price will move higher and they want to profit from it. Pullbacks and sell-offs provide a perfect opportunity for investors who have faith in a company...
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Mueller Industries, Inc. Enters Into Standstill Agreement With Leucadia National Corporation
Friday, September 2, 2011 - 3:01pm | 194Mueller Industries, Inc. (NYSE: MLI) today announced that it entered into a Standstill Agreement with Leucadia National Corporation (NYSE: LUK) whereby Leucadia agreed to own no more than 27.5% of Mueller's outstanding common stock and Leucadia is entitled to appoint up to two directors to the...