Law Firm Brower Piven Announces Investigation of Jefferies Group, Inc.
STEVENSON, Md. -- November 12, 2012
The law firm of Brower Piven, A Professional Corporation, has commenced an
investigation into possible breaches of fiduciary duty to current shareholders
of Jefferies Group, Inc. (“Jefferies”) (NYSE: JEF) and other violations of
state law by the board of directors of Jefferies relating to the proposed
acquisition of the company by Leucadia National Corporation (“Leucadia”). The
firm’s investigation seeks to determine, among other things, whether the board
breached their fiduciary duties by failing to maximize shareholder value.
On November 12, 2012, Jefferies and Leucadia announced that they have entered
into a definitive merger agreement providing for Leucadia to acquire Jefferies
for about $2.76 billion. Under the terms of the merger agreement, Jefferies
shareholders will receive 0.81 shares of Leucadia. Based upon Leucadia’s
closing stock price on November 9, 2012, Jefferies shareholders would receive
consideration valued at approximately $17.66 per share. However, according to
Yahoo! Finance, at least one analyst has set a price target for Jefferies
stock of $19.00 per share.
If you currently own shares of Jefferies and would like to learn more about
the investigation being conducted by Brower Piven, you may email or call
Brower Piven, who will, without obligation or cost to you, attempt to answer
your questions. You may contact Brower Piven by email at
email@example.com, by calling (410) 415-6616, or at Brower Piven, A
Professional Corporation, 1925 Old Valley Road, Stevenson, Maryland 21153.
Attorneys at Brower Piven have combined experience litigating securities and
other class action cases of over 60 years.
Brower Piven, A Professional Corporation
Charles J. Piven, 410-415-6616
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