Faruqi & Faruqi, LLP Is Seeking More Cash For The Shareholders Of Jefferies Group, Inc. (JEF)
Faruqi & Faruqi, LLP, a leading national securities firm headquartered in New York City, is investigating the Board of Directors of Jefferies Group, Inc. (“Jefferies” or the “Company”) (NYSE: JEF) for potential breaches of fiduciary duties in connection with their conduct related to the sale of the Company to Leucadia National Corp. (NYSE: LUK) (“Leucadia”) in a stock-for-stock deal valued at approximately $2.6 billion. Under the terms of the proposed transaction, Jefferies’ stockholders will receive 0.81 of a share of Leucadia stock for each share of Jefferies common stock they hold. The transaction values the proposed consideration at approximately $17.66 per share, based on Friday closing price, while according to Yahoo! Finance, at least one financial analyst has set a price target of $19 for Jefferies.
The investigation focuses on whether Jefferies’ Board of Directors breached their fiduciary duties to the Company’s stockholders by failing to conduct an adequate and fair sales process prior to agreeing to this proposed transaction, whether and by how much this proposed transaction undervalues the Company to the detriment of Jefferies’ shareholders.
If you own common stock in Jefferies and wish to obtain additional information and protect your investments free of charge, please contact Juan E. Monteverde, Esq. either via e-mail at firstname.lastname@example.org or by telephone at (877) 247-4292 or (212) 983-9330.