Harwood Feffer LLP Announces Investigation of Jefferies Group, Inc.
NEW YORK, Nov. 12, 2012 /PRNewswire/ -- Harwood Feffer LLP (www.hfesq.com) is investigating potential claims against the board of directors of Jefferies Group, Inc. ("Jefferies" or the "Company") (NYSE: JEF) concerning the proposed acquisition of the Company by Leucadia National Corporation ("Leucadia") in a transaction valued at approximately $3.6 billion.
On November 12, 2012, it was announced that Jefferies and Leucadia entered into a definitive agreement pursuant to which Leucadia will acquire Jefferies. Under the terms of the transaction, Jefferies shareholders will receive 0.81 of a Leucadia share for each of their shares, with a value of approximately $17.66 per share. At least one analyst estimated the value of Jefferies shares at $19.00 per share.
Our investigation concerns whether the Jefferies board of directors is fulfilling its fiduciary duties, undertaking a fair process maximizing the value of the Company, disclosing all material benefits and costs, and obtaining full and fair consideration for Company shareholders.
If you own Jefferies shares and wish to discuss this matter with us, or have any questions concerning your rights and interests, please contact:
Robert I. Harwood, Esq.
Matthew H. Houston, Esq.
Christopher J. Safrath
Harwood Feffer LLP
488 Madison Avenue
New York, New York 10022
Phone Numbers: (877) 935-7400
Harwood Feffer has been representing individual and institutional investors for many years, serving as lead counsel in numerous cases in federal and state courts. Please visit the Harwood Feffer LLP website (http://www.hfesq.com) for more information about the firm.
Attorney Advertising© 2012 Harwood Feffer LLP. The law firm responsible for this advertisement is Harwood Feffer LLP (www.hfesq.com). Prior results do not guarantee or predict a similar outcome with respect to any future matter.
SOURCE Harwood Feffer LLP