Jefferies Group Investor Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Merger with Leucadia National
DALLAS--(BUSINESS WIRE)-- Former United States Securities and Exchange Commission attorney Willie Briscoe and the securities litigation firm of Powers Taylor, LLP are investigating the sale of Jefferies Group, Inc. ("Jefferies") (NYS: JEF) to Leucadia National Corporation for shareholders. Under the proposed merger, Jefferies shareholders will receive only 0.81 in Leucadia common stock for each share of Jefferies stock owned. Based upon Friday's closing price, Jefferies shareholders will receive value of approximately $17.66 per share, well below at least one analyst's estimated value of $19.00 per share.
If you are an affected investor, and you want to learn more about the lawsuit or join the action, contact Patrick Powers at Powers Taylor, LLP, toll free (877) 728-9607, via e-mail at firstname.lastname@example.org, or Willie Briscoe at The Briscoe Law Firm, PLLC, (214) 706-9314, or via email at WBriscoe@TheBriscoeLawFirm.com. There is no cost or fee to you.
The Jefferies merger investigation centers on whether Jefferies shareholders are receiving adequate compensation for their shares in the buyout, whether the transaction undervalues Jefferies stock, and whether Jefferies' board attempted to obtain the highest share price for all shareholders prior to agreeing to the deal. Notably, according to at least one analyst with Yahoo! Finance, the true inherent value of Jefferies could be as high as $19.00 per share. Shareholder rights attorney Willie Briscoe stated that "Due to the stock for stock nature of the transaction, analyst's estimates, and other factors, we believe that the transaction may undervalue Jefferies stock. Our proposed lawsuit will seek to obtain the highest share price for all shareholders."
The Briscoe Law Firm, PLLC is a full service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation and transactional matters.
Powers Taylor, LLP is a boutique litigation law firm that handles a variety of complex business litigation matters, including claims of investor and stockholder fraud, shareholder oppression, shareholder derivative suits, and security class actions.
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The article Jefferies Group Investor Alert: Briscoe Law Firm and Powers Taylor, LLP Investigate Merger with Leucadia National originally appeared on Fool.com.
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