In conjunction with the purchase of Jefferies, the Leucadia (LUK) board approves a stock...

|About: Leucadia National Corpor... (LUK)|By:, SA News Editor

In conjunction with the purchase of Jefferies, the Leucadia (LUK) board approves a stock buy-back plan of up to 25M shares. Long-term thinkers hopefully, Leucadia's original stake in Jefferies dates back to 2008 when it picked up shares in the high-teens. Jefferies closing price on Friday was $14.27.