LEUCADIA NATIONAL CORPORATION is an American holding company that, through its subsidiaries, engages in mining "> was a bid in 2004 to acquire 50 percent of telecommunications company MCI 's common stock. However, after MCI received higher bids from other companies, Leucadia withdrew from the bidding process.
SUBSIDIARIES AND INVESTMENTS
* Financial Services
* National Beef Packing (78.9% ownership) * HRG Group (23%) * Vitesse Energy (96%) * Juneau Energy (98%) * Garcadia Holdings (Joint venture with Ken Garff Automotive Group) * Linkem (55%) * Conwed Plastics (100%) * Idaho Timber (100%)
MERGER WITH THE JEFFERIES GROUP
On November 12, 2012, Jefferies Group announced its merger with Leucadia, its largest shareholder. Jefferies was valued at $3.8 billion at the time of the acquisition. Jefferies remains independent and is the largest operating company within Leucadia. On March 1, 2013, Leucadia bought the Jefferies Group for $3.6 billion. The company’s founders, Ian M. Cumming and Joseph S. Steinberg, stepped down from their management roles after the merger, with Mr. Steinberg staying on as chairman. The number of directors also increased to 11 from eight, including the addition of nine new directors. Richard B. Handler became chief executive of Leucadia, while remaining chief executive of Jefferies.
* WMAC Investment Corp., a subsidiary of Leucadia, is the largest
Pershing Square Capital Management L.P. , a
Delaware-incorporated investment partnership.
William Ackman is the
founder of the $10 billion+ activist hedge fund Pershing Square. The
Fund had 20%+ returns over the past 9 years.
* In June 2007, Leucadia (through a subsidiary) purchased most of
the assets of ResortQuest International, Inc., a vacation rental
property management company headquartered in Fort Walton Beach,
Florida , from
Gaylord Entertainment Company .
* In December 2011, National Beef Packing Company, LLC and its major
owner U.S. Premium Beef, LLC (USPB) announced the company’s majority
owners have entered into a Membership Interest Purchase Agreement with
Leucadia National Corporation under which Leucadia will acquire
approximately 79 percent of the outstanding ownership interests in
* Leucadia (through a subsidiary) was an investor in controversial
syngas plants which utilize coal gasification technology through a
Department of Energy loan guarantee. A $2.6 billion plant was planned
in Indiana, while similar proposals in Illinois have met resistance
from state regulators. The project in Indiana was ultimately panned
by the state legislature in 2013.
* In January 2015, Leucadia granted a loan to
A $12 million dollar investment into FRGI was made after FRGI released Q1 earnings in 2017.
* Leucadia National Corporation Annual Report 2007
Leucadia National Corporation 10-k for the 12 months ended
12/31/13, filed 2/28/14
Leucadia National Corporation 10-k filed 2/28/14 Page 70 (F2)
* ^ Alden, William (April 2, 2014). "Handler, Leucadia’s Chief,
Takes Pay Cut in New Role". The New York Times.
* ^ "MCI Says Leucadia Seeks to Buy Controlling Stake (Update7) -
Bloomberg". quote.bloomberg.com. 2004-07-12. Retrieved 2015-04-24.
* ^ "(Press Release) Verizon Enterprise News Center - Home - About
Verizon Enterprise Solutions". About Verizon Enterprise Solutions.
* ^ Faux, Zeke (2015-01-20). "