Buyout Of Jefferies Group - Law Firm Seeks More Money And Information For
NEW YORK, Nov. 12, 2012
NEW YORK, Nov.12, 2012 /PRNewswire/ --Tripp Levy PLLC, a leading national
securities law firm, announces that it has been retained to represent
shareholders of Jefferies Group in connection with the acquisition of the
company by Leucadia National Corp. Leucadia agreed to buy the portion of
Jefferies it doesn't already own for about $2.76 billion. Investors will
receive 0.81 Leucadia share for each Jefferies share they own, valuing
Jefferies shares at $17.60 per share. Jefferies management will run the firm.
Leucadia already holds about 28.6 percent of Jefferies Group Inc.
The investigation concerns whether the board of Jefferies breached their
fiduciary duties to shareholders by not engaging in a full and fair auction of
the company to allow shareholders to obtain the maximum value for their
shares. While, at the same time, providing Jefferies management with monetary
benefits to enter into this deal at this price. Indeed, analysts have
projected that Jefferies true take out value is approx. $19 per share.
Further, the book value alone of Jefferies is approx. $16 per share.
If you are a shareholder of Jefferies and would like additional information
concerning this matter and your rights as a shareholder, please contact us
toll free at 877-772-3975 or email at email@example.com
Tripp Levy PLLC is a leading national law firm and has recovered millions of
dollars for shareholders in similar actions around the globe. Attorney
advertising – prior results do not guarantee a similar outcome.
Tripp Levy PLLC
SOURCE Tripp Levy PLLC
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