Leucadia National Corp. (LUK) Is Up Sharply After Asset Sales

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(RTTNews.com) - Leucadia National Corp. ( LUK ) announced Monday morning that it has agreed to sell 48% of National Beef to Marfrig for approximately $900 million in cash. The company has also agreed to sell 100% of its equity interests in Garcadia and its associated real estate to the Garff family.

Leucadia has also decided to change its name to Jefferies Financial Group Inc.

Leucadia has gapped open higher this morning and is now up 1.71 at $23.48. The stock has jumped to over a 2-week high.

Read the original article on RTTNews (http://www.rttnews.com/2880291/leucadia-national-corp-luk-is-up-sharply-after-asset-sales.aspx)

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This article appears in: World Markets , Stocks , Insurance
Referenced Symbols: LUK

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