Buyout Of Jefferies Group - Law Firm Seeks More Money And Information For Shareholders
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 firstname.lastname@example.org
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.
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