Leucadia Said to Boost Harbinger Stake to 22% as Falcone Leaves

Leucadia National Corp., the biggest shareholder of Harbinger Group Inc., bought another 5 million shares of the firm, according to a person with knowledge of the matter.

The purchase increases New York-based Leucadia’s stake to about 22 percent, said the person, who asked not to be identified because the acquisition hasn’t been publicly disclosed. Harbinger Group said earlier today that Philip Falcone is stepping down as chairman and chief executive officer.

Before it's here, it's on the Bloomberg Terminal.
LEARN MORE