Jefferies’s Top Holder Leucadia Declines as Stake Loses Value
Leucadia, also an investor in mortgages, vineyards and mining, dropped 7 percent to $24.08 at 10:37 a.m. in New York. New York-based Leucadia, which holds a 28 percent stake in Jefferies, has plunged about 15 percent this week on concern the investment bank could be pressured by Europe’s financial crisis. Jefferies has dropped more than 20 percent since Oct. 28.
Laura Ulbrandt, a spokeswoman for Leucadia, declined to comment.
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