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BUSINESS
December 20, 2002 | Peter Pae
Jefferies Group Inc., a New York-based investment bank, said it acquired Quarterdeck Investment Partners, a Century City firm that specializes in mergers and acquisitions in aerospace and defense. Terms weren't disclosed. But in recent months Jefferies had been increasing its stake in Quarterdeck, which has 26 employees and was founded a decade ago by Jon B. Kutler, a former naval officer.
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BUSINESS
April 22, 2008 | From Times Wire Services
Jefferies Group Inc., an investment bank that serves mid-size companies, said Monday that it would sell a 13.7% stake to Leucadia National Corp., raising $434 million of equity capital after its second straight quarterly loss. Leucadia will buy 26.6 million shares, inject $100 million of cash and take two newly created seats on Jefferies' board, which now has seven members. Jefferies joins banks and securities firms including Citigroup Inc., Wachovia Corp. and Washington Mutual Inc. that have sought more than $160 billion to replenish capital in recent months, amid losses stemming from the slump in housing and a global credit crisis.
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BUSINESS
March 18, 1998 | Debora Vrana
In a deal expected to be announced today, Los Angeles-based holding company Jefferies Group will separate fast-growing investment bank Jefferies & Co. and computer-based stock trading company Investment Technology Group through a spinoff. Under the plan, ITG and Jefferies & Co. each will be separate, wholly owned companies. Jefferies & Co., a $1-billion niche brokerage firm, will be a separate company trading on the New York Stock Exchange.
BUSINESS
December 20, 2002 | Peter Pae
Jefferies Group Inc., a New York-based investment bank, said it acquired Quarterdeck Investment Partners, a Century City firm that specializes in mergers and acquisitions in aerospace and defense. Terms weren't disclosed. But in recent months Jefferies had been increasing its stake in Quarterdeck, which has 26 employees and was founded a decade ago by Jon B. Kutler, a former naval officer.
BUSINESS
May 21, 1987
The two affiliated New York partnerships, Tweedy, Browne Co. and TBK Partners, said they bought a combined 5.5% of the Los Angeles brokerage company's common shares outstanding. In a Securities and Exchange Commission filing, the two partnerships said they hold 432,520 Jefferies Group shares for their own accounts and the accounts of their clients.
BUSINESS
August 21, 2001 | JOSH FRIEDMAN and WALTER HAMILTON, TIMES STAFF WRITERS
Jefferies Group Inc. agreed Monday to buy New York Stock Exchange specialist firm Lawrence Helfant in a deal that would turn Los Angeles-based Jefferies into the Big Board's fourth-largest trading firm. The deal would significantly boost Jefferies' presence on the NYSE by tripling, to 18, the number of trading seats Jefferies controls. Previously it was not among the 10 largest floor brokers. Specialists are middlemen who handle trading on stock exchanges.
BUSINESS
November 15, 1991 | From Times Staff and Wire Reports
Primerica's Jefferies Stake Rises: New York-based Primerica Corp.'s stake in Los Angeles-based brokerage Jefferies Group rose to 13%, or 683,912 common shares, according to a Securities and Exchange Commission filing. That boost resulted from a reduction in the number of outstanding Jefferies shares when the brokerage repurchased 800,000 shares from former Chairman Boyd Jefferies. Primerica is a financial services holding company.
BUSINESS
March 10, 1987
Templeton, Galbraith & Hansberger Ltd., which is headquartered in Nassau, Bahamas, said it held a stake of 1,374,100 shares in the Los Angeles brokerage as of Dec. 31. In a filing with the Securities and Exchange Commission, Templeton said the shares in Jefferies Group were acquired "in the ordinary course of business" and were not acquired for the purpose of "influencing the control" of Jefferies.
BUSINESS
December 13, 1985
Ronald A. Alghini, president and chief operating officer of Jefferies Group Inc., will resign those posts on Jan. 2 "to pursue other business interests," the Los Angeles-based securities firm announced Thursday. Frank E. Baxter, an executive vice president in charge of Jefferies' London subsidiary, is expected to replace Alghini as president, the firm said. Alghini, who served as president since 1980, could not be reached for comment.
BUSINESS
May 28, 2002 | DEBORA VRANA, TIMES STAFF WRITER
Some of George Pedersen's associates winced when he picked Jefferies Group Inc. to handle his company's first stock offering. The financial services firm, founded in Los Angeles 40 years ago and best known for its institutional trading prowess, isn't considered in the big leagues of Wall Street capital raisers, especially for initial public stock offerings. But Jefferies helped Pedersen's ManTech International Corp., a Fairfax, Va.
BUSINESS
August 21, 2001 | JOSH FRIEDMAN and WALTER HAMILTON, TIMES STAFF WRITERS
Jefferies Group Inc. agreed Monday to buy New York Stock Exchange specialist firm Lawrence Helfant in a deal that would turn Los Angeles-based Jefferies into the Big Board's fourth-largest trading firm. The deal would significantly boost Jefferies' presence on the NYSE by tripling, to 18, the number of trading seats Jefferies controls. Previously it was not among the 10 largest floor brokers. Specialists are middlemen who handle trading on stock exchanges.
BUSINESS
March 22, 1998 | DEBORA VRANA, TIMES STAFF WRITER
It wasn't long after he hired a close-knit team of junk bond refugees from Drexel Burnham Lambert that Frank E. Baxter realized he had to confront a potentially explosive personnel problem. As chairman and chief executive of Jefferies & Co., the Los Angeles investment banking firm, Baxter found himself at odds with one trader over how much risk was best for his company.
BUSINESS
March 18, 1998 | Debora Vrana
In a deal expected to be announced today, Los Angeles-based holding company Jefferies Group will separate fast-growing investment bank Jefferies & Co. and computer-based stock trading company Investment Technology Group through a spinoff. Under the plan, ITG and Jefferies & Co. each will be separate, wholly owned companies. Jefferies & Co., a $1-billion niche brokerage firm, will be a separate company trading on the New York Stock Exchange.
BUSINESS
December 10, 1996 | Times Staff and Wire Reports
Michael L. Klowden, vice chairman of Jefferies Group Inc., has been elected president and chief operating officer of the Los Angeles-based firm and of its principal operating subsidiary, investment bank Jefferies & Co. Klowden, 51, joined Jefferies in April 1995 as vice chairman of the board, and as a member of the office of the chairman of Jefferies & Co.
BUSINESS
November 15, 1991 | From Times Staff and Wire Reports
Primerica's Jefferies Stake Rises: New York-based Primerica Corp.'s stake in Los Angeles-based brokerage Jefferies Group rose to 13%, or 683,912 common shares, according to a Securities and Exchange Commission filing. That boost resulted from a reduction in the number of outstanding Jefferies shares when the brokerage repurchased 800,000 shares from former Chairman Boyd Jefferies. Primerica is a financial services holding company.
BUSINESS
January 5, 1989 | SCOT J. PALTROW, Times Staff Writer
Lawyers in the GAF Corp. stock manipulation trial disclosed Wednesday that the government has evidence that Jefferies Group Inc., a Los Angeles-based securities firm, may have made illegal campaign contributions to members of Congress. Arthur L. Liman, GAF's lead attorney, made the disclosure in U.S. District Court in Manhattan with jurors absent from the courtroom. Liman mentioned the possible violations during a discussion about the admissibility of evidence in the trial.
BUSINESS
August 7, 1985
A unit of American Can said it agreed to purchase for about $25.7 million convertible securities and stock of Jefferies Group, a Los Angeles-based securities firm, raising its stake to the equivalent of 20% from 9.8%. American Can had disclosed last week that it was holding talks with closely held Jefferies to increase its stake. American Can also said it sold its AC Securities stock brokerage unit for $3.75 million to W&D Securities.
BUSINESS
January 11, 1989 | DOUGLAS FRANTZ, Times Staff Writer and
Even after pleading guilty to a pair of felonies nearly two years ago, Boyd L. Jefferies enjoyed a cleaner reputation than others caught in the securities industry corruption scandal. The word from his lawyers, colleagues and Jefferies himself was that his crimes were minor violations of arcane laws, an innocent reflection of the master trader's zeal to accommodate clients. "These were extremely technical, really closer to civil violations," Jefferies, the founder of Jefferies & Co.
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