Rigrodsky & Long, P.A. Announces Investigation Of Jefferies Group, Inc. Buyout
WILMINGTON, Del.--(BUSINESS WIRE)-- Rigrodsky & Long, P.A. announces that it is investigating potential legal claims against the board of directors of Jefferies Group, Inc. ("Jefferies" or the "Company") (NYSE: JEF) regarding possible breaches of fiduciary duties and other violations of law related to the Company's entry into an agreement to be acquired by Leucadia National Corporation ("Leucadia") (NYSE: LUK) in a transaction valued at approximately $2.8 billion.
Click here to learn more: http://www.rigrodskylong.com/investigations/jefferies-group-inc-jef.
Under the terms of the proposal, public shareholders of Jefferies will receive 0.81 shares of Leucadia common stock for each share of Jefferies they own. Based upon Leucadia's closing stock price of $21.80 on November 9, 2012, Jefferies shareholders would have received consideration valued at approximately $17.66 per share.
The investigation concerns whether Jefferies' board of directors failed to adequately shop the Company and obtain the best possible value for Jefferies' shareholders before entering into an agreement with Leucadia. According to Yahoo! Finance, at least one analyst has set a price target for Jefferies stock at $19.00 per share.
If you own the common stock of Jefferies and purchased your shares before November 12, 2012, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Peter Allocco at Rigrodsky & Long, P.A., 825 East Gate Boulevard, Suite 300, Garden City, New York 11530 toll free at (888) 969-4242, by e-mail to email@example.com, or at: http://www.rigrodskylong.com/investigations/jefferies-group-inc-jef.
Rigrodsky & Long, P.A., with offices in Wilmington, Delaware and Garden City, New York, regularly prosecutes securities class, derivative and direct actions, shareholder rights litigation and corporate governance litigation, on behalf of shareholders in states and federal courts throughout the United States.
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