Author Topic: JEF - Jefferies Group  (Read 594820 times)

Grenville

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Re: JEF - Jefferies Group
« Reply #540 on: March 01, 2013, 09:44:47 AM »
Merger completed:

LEUCADIA NATIONAL CORPORATION AND JEFFERIES GROUP, INC. MERGER TO BE EFFECTIVE MARCH 1, 2013
NEW YORK, February 28, 2013 – Leucadia National Corporation (NYSE:  LUK) and Jefferies Group, Inc. (NYSE:  JEF) today announced that the stockholders of Jefferies Group, Inc. and the shareholders of Leucadia National Corporation overwhelmingly approved the merger between the two companies pursuant to which Jefferies’ stockholders will receive 0.81 of a share of Leucadia common stock for each share of Jefferies common stock they held and that the merger will be consummated effective March 1, 2013.  In connection with the merger, Jefferies is also converting to a limited liability company, Jefferies Group LLC, which will be a subsidiary of Leucadia and will continue to be an SEC reporting company, regularly filing annual, quarterly, and periodic financial reports.

Richard Handler, in addition to continuing in his role as Chief Executive Officer and Chairman of Jefferies, will become the Chief Executive Officer of Leucadia and one of its Directors.  Brian Friedman, in addition to continuing in his role as Chairman of the Executive Committee of Jefferies, will become Leucadia’s President and one of its Directors.  Joseph Steinberg, in addition to continuing to work full-time as an executive of Leucadia, will become Chairman of the Board of Leucadia.  Ian Cumming will retire as Chairman of the Board and Chief Executive Officer of Leucadia but will continue in his role as a director of Leucadia.

Leucadia will continue its 35-year track record of acquiring and owning businesses and investments and will be able to additionally leverage the knowledge base, opportunity flow and execution capabilities of the combined company.  Jefferies will continue to operate in a manner consistent with its historical business model and remain a client-focused, conservatively capitalized, and full-service global investment banking firm.


Parsad

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Re: JEF - Jefferies Group
« Reply #541 on: March 01, 2013, 10:19:09 AM »
Merger completed:

LEUCADIA NATIONAL CORPORATION AND JEFFERIES GROUP, INC. MERGER TO BE EFFECTIVE MARCH 1, 2013
NEW YORK, February 28, 2013 – Leucadia National Corporation (NYSE:  LUK) and Jefferies Group, Inc. (NYSE:  JEF) today announced that the stockholders of Jefferies Group, Inc. and the shareholders of Leucadia National Corporation overwhelmingly approved the merger between the two companies pursuant to which Jefferies’ stockholders will receive 0.81 of a share of Leucadia common stock for each share of Jefferies common stock they held and that the merger will be consummated effective March 1, 2013.  In connection with the merger, Jefferies is also converting to a limited liability company, Jefferies Group LLC, which will be a subsidiary of Leucadia and will continue to be an SEC reporting company, regularly filing annual, quarterly, and periodic financial reports.

Richard Handler, in addition to continuing in his role as Chief Executive Officer and Chairman of Jefferies, will become the Chief Executive Officer of Leucadia and one of its Directors.  Brian Friedman, in addition to continuing in his role as Chairman of the Executive Committee of Jefferies, will become Leucadia’s President and one of its Directors.  Joseph Steinberg, in addition to continuing to work full-time as an executive of Leucadia, will become Chairman of the Board of Leucadia.  Ian Cumming will retire as Chairman of the Board and Chief Executive Officer of Leucadia but will continue in his role as a director of Leucadia.

Leucadia will continue its 35-year track record of acquiring and owning businesses and investments and will be able to additionally leverage the knowledge base, opportunity flow and execution capabilities of the combined company.  Jefferies will continue to operate in a manner consistent with its historical business model and remain a client-focused, conservatively capitalized, and full-service global investment banking firm.

Yay!  Now go make money Handler!   ;D  Cheers!
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menlo

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Re: JEF - Jefferies Group
« Reply #542 on: March 04, 2013, 10:14:00 AM »
Anyone hearing/seeing anything about the LUK decline today?  Something post-merger, perhaps?


Parsad

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Re: JEF - Jefferies Group
« Reply #543 on: March 04, 2013, 10:30:43 AM »
Anyone hearing/seeing anything about the LUK decline today?  Something post-merger, perhaps?

No news.  Their credit rating was actually upgraded.  I think some people are just taking profits after the deal closed.  Cheers!
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jay21

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Re: JEF - Jefferies Group
« Reply #544 on: March 07, 2013, 12:38:38 PM »
So far I like what I see here, but I still feel in over my head when analyzing the FS.  Does anyone have a good primer on valuation of IBs or reading their FS?
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Grenville

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Re: JEF - Jefferies Group
« Reply #545 on: March 26, 2013, 11:05:21 AM »
2013 AGM Date posted: July 25,2013

"As previously announced, Leucadia National Corporation (the “Company”) will hold its 2013 annual meeting of shareholders (the “Annual Meeting”) on July 25, 2013.  The Company’s shareholders of record at the close of business on June 5, 2013 will be entitled to notice of the Annual Meeting and to vote upon matters to be considered at the meeting."

http://www.sec.gov/Archives/edgar/data/96223/000090951813000102/mm03-2213_8k.htm

The release says previously announced, does anyone know where they announced this info before?

jay21

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Re: JEF - Jefferies Group
« Reply #546 on: April 09, 2013, 01:59:15 PM »
http://www.sec.gov/Archives/edgar/data/1084580/000119312513147623/d489655d10q.htm

10-Q is out.  Still trying to wrap my head around IB FS.  Noted there was $166m in stock repurchases.
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Grenville

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Re: JEF - Jefferies Group
« Reply #547 on: April 09, 2013, 02:21:06 PM »
http://www.sec.gov/Archives/edgar/data/1084580/000119312513147623/d489655d10q.htm

10-Q is out.  Still trying to wrap my head around IB FS.  Noted there was $166m in stock repurchases.

I wonder if this means that there will be no quarterly conference calls for JEF.

Grenville

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Re: JEF - Jefferies Group
« Reply #548 on: April 09, 2013, 02:35:45 PM »

I wonder if this means that there will be no quarterly conference calls for JEF.

I spoke to soon:

LEUCADIA AND JEFFERIES ANNOUNCE 2013 AND 2014 CALENDAR OF INVESTOR AND SHAREHOLDER MEETINGS
NEW YORK, April 9, 2013 – Leucadia National Corporation (“Leucadia”) and Jefferies Group LLC (“Jefferies”) today announced a calendar of investor and shareholder meetings for 2013 and 2014 for Leucadia and Jefferies.  These meetings will provide a basis for Leucadia and Jefferies to communicate with shareholders and investors beyond quarterly regulatory filings.
July 25, 2013 – Leucadia Annual Shareholder Meeting

October 10, 2013 – Jefferies Investor Day

March 4, 2014 – Combined Leucadia and Jefferies Shareholder and Investor Discussion recapping 2013 performance and giving a high-level overview of strategies and plans for 2014

May 14, 2014 – Leucadia Annual Shareholder Meeting

August 7, 2014 – Leucadia Investor Day

October 9, 2014 – Jefferies Investor Day
“These four meetings per calendar year going forward provide an opportunity for Leucadia and Jefferies shareholders, bondholders, analysts, and counterparties to hear from senior management about financial results, the operating environment and overall corporate strategies beyond our regularly scheduled regulatory filings.  We will continue to be accessible, transparent and responsive to all of our constituencies,” said Richard B. Handler, Chief Executive Officer of both Leucadia and Jefferies.

Grenville

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Re: JEF - Jefferies Group
« Reply #549 on: April 09, 2013, 02:39:35 PM »
New creditor presentation just posted for JEF for Q1 2013:

http://investor-relations.jefferies.com/file.aspx?IID=102756&FID=1001174483