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Leucadia National Corp

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BUSINESS
July 15, 2004 | From Associated Press
Leucadia National Corp., which has expressed interest in buying at least half of MCI Inc., has ties to former Qwest Communications International Inc. Chief Executive Joseph P. Nacchio, who is reportedly advising the holding company. Leucadia gave Nacchio a 5% stake last year in a communications company it bought, ATX Communications Inc., regulatory filings show.
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BUSINESS
October 26, 2009 | Bloomberg News
Capmark Financial Group Inc., the lender owned by firms including Goldman Sachs Group Inc. and KKR & Co., filed for bankruptcy protection after posting a second-quarter loss of about $1.6 billion. The company listed consolidated debt of $21 billion and consolidated assets of $20.1 billion as of June 30 in Chapter 11 documents filed in U.S. Bankruptcy Court in Wilmington, Del. Horsham, Penn.-based Capmark is one of the largest U.S. commercial real estate finance companies, with more than $10 billion in originations, according to Moody's Investors Service.
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BUSINESS
June 1, 2001 | Bloomberg News
Warren Buffett's Berkshire Hathaway Inc. and Leucadia National Corp. sweetened their joint offer to creditors of Finova Group Inc., trying to fend off a rival bailout plan for the bankrupt finance company. The Buffett-Leucadia venture, known as Berkadia, offered unsecured creditors about 64 cents per $1 of debt before the bankruptcy filing and 3 cents for each $1 of post-bankruptcy claims, according to a Finova statement. That's up from 60 cents earlier in May and an initial offer of 54 cents.
BUSINESS
August 12, 2004
* Motorola Inc. said the Internal Revenue Service claims the cellphone maker may owe $500 million in additional tax liability for the years 1996 through 2000. * Leucadia National Corp. won government antitrust clearance to bid for control of MCI Inc., the telephone company that exited the largest bankruptcy filing in U.S. history in April. * Citigroup Inc. won dismissal of a lawsuit claiming the firm helped Enron Corp., Dynegy Inc. and WorldCom Inc. disguise loans. * A U.S.
BUSINESS
August 12, 2004
* Motorola Inc. said the Internal Revenue Service claims the cellphone maker may owe $500 million in additional tax liability for the years 1996 through 2000. * Leucadia National Corp. won government antitrust clearance to bid for control of MCI Inc., the telephone company that exited the largest bankruptcy filing in U.S. history in April. * Citigroup Inc. won dismissal of a lawsuit claiming the firm helped Enron Corp., Dynegy Inc. and WorldCom Inc. disguise loans. * A U.S.
BUSINESS
October 26, 2009 | Bloomberg News
Capmark Financial Group Inc., the lender owned by firms including Goldman Sachs Group Inc. and KKR & Co., filed for bankruptcy protection after posting a second-quarter loss of about $1.6 billion. The company listed consolidated debt of $21 billion and consolidated assets of $20.1 billion as of June 30 in Chapter 11 documents filed in U.S. Bankruptcy Court in Wilmington, Del. Horsham, Penn.-based Capmark is one of the largest U.S. commercial real estate finance companies, with more than $10 billion in originations, according to Moody's Investors Service.
BUSINESS
April 11, 1992 | KATHY M. KRISTOF, TIMES STAFF WRITER
Three new groups submitted offers to buy failed First Capital Life Insurance Co. of San Diego, insurance regulators said Friday. Pacific Mutual Insurance, Transamerica Occidental Life and a group led by Leucadia National Corp. filed formal buyout offers moments before the final bidding deadline set by California officials two months ago. These offers are added to the initial $50-million bid for First Capital submitted by Shearson Lehman Bros. in February.
BUSINESS
April 18, 1992 | GEORGE WHITE, TIMES STAFF WRITER
Three of the four groups bidding for control of failed First Capital Life Insurance Co. of San Diego amended their offers Friday, sweetening their buyout proposals just before the deadline for revisions set by California officials. Shearson Lehman Bros., Pacific Mutual Insurance and Transamerica Occidental Life made moderate revisions to their bids for the insurance firm, which was seized by regulators last May after its parent company--junk bond-laden First Capital Holding Corp.
BUSINESS
July 13, 2004 | From Associated Press
The nation's No. 2 long- distance carrier could be in play. MCI Inc. disclosed Monday that Leucadia National Corp., a holding company with other telecom assets, was seeking antitrust clearance to buy more than 50% of MCI's stock for an estimated $2.8 billion. The news sent MCI shares up 17%.
BUSINESS
April 9, 1992 | KATHY M. KRISTOF, TIMES STAFF WRITER
First Capital Holding Corp.'s creditors committee announced Wednesday that it had teamed up with Leucadia National Corp., the parent of Colonial Penn Life Insurance Co., to submit a buyout bid for troubled First Capital Life Insurance of San Diego. Details of the bid were not disclosed. But the group said its bid will provide more value to First Capital Life policyholders than a competing offer previously made by Shearson Lehman Bros.
BUSINESS
July 15, 2004 | From Associated Press
Leucadia National Corp., which has expressed interest in buying at least half of MCI Inc., has ties to former Qwest Communications International Inc. Chief Executive Joseph P. Nacchio, who is reportedly advising the holding company. Leucadia gave Nacchio a 5% stake last year in a communications company it bought, ATX Communications Inc., regulatory filings show.
BUSINESS
July 13, 2004 | From Associated Press
The nation's No. 2 long- distance carrier could be in play. MCI Inc. disclosed Monday that Leucadia National Corp., a holding company with other telecom assets, was seeking antitrust clearance to buy more than 50% of MCI's stock for an estimated $2.8 billion. The news sent MCI shares up 17%.
BUSINESS
June 1, 2001 | Bloomberg News
Warren Buffett's Berkshire Hathaway Inc. and Leucadia National Corp. sweetened their joint offer to creditors of Finova Group Inc., trying to fend off a rival bailout plan for the bankrupt finance company. The Buffett-Leucadia venture, known as Berkadia, offered unsecured creditors about 64 cents per $1 of debt before the bankruptcy filing and 3 cents for each $1 of post-bankruptcy claims, according to a Finova statement. That's up from 60 cents earlier in May and an initial offer of 54 cents.
BUSINESS
April 18, 1992 | GEORGE WHITE, TIMES STAFF WRITER
Three of the four groups bidding for control of failed First Capital Life Insurance Co. of San Diego amended their offers Friday, sweetening their buyout proposals just before the deadline for revisions set by California officials. Shearson Lehman Bros., Pacific Mutual Insurance and Transamerica Occidental Life made moderate revisions to their bids for the insurance firm, which was seized by regulators last May after its parent company--junk bond-laden First Capital Holding Corp.
BUSINESS
April 11, 1992 | KATHY M. KRISTOF, TIMES STAFF WRITER
Three new groups submitted offers to buy failed First Capital Life Insurance Co. of San Diego, insurance regulators said Friday. Pacific Mutual Insurance, Transamerica Occidental Life and a group led by Leucadia National Corp. filed formal buyout offers moments before the final bidding deadline set by California officials two months ago. These offers are added to the initial $50-million bid for First Capital submitted by Shearson Lehman Bros. in February.
BUSINESS
April 9, 1992 | KATHY M. KRISTOF, TIMES STAFF WRITER
First Capital Holding Corp.'s creditors committee announced Wednesday that it had teamed up with Leucadia National Corp., the parent of Colonial Penn Life Insurance Co., to submit a buyout bid for troubled First Capital Life Insurance of San Diego. Details of the bid were not disclosed. But the group said its bid will provide more value to First Capital Life policyholders than a competing offer previously made by Shearson Lehman Bros.
BUSINESS
February 8, 1985
Batterymarch Financial Management, Boston-based manager of about 5.2% of National Intergroup's shares, said National's proposed merger with Los Angeles-based Bergen Brunswig isn't in shareholders' best interests. A second big National shareholder, Leucadia National Corp., is waging a proxy fight against the linkup between Bergen, a pharmaceutical distributor, and Pittsburgh-based National, formerly National Steel Corp.
BUSINESS
May 29, 2001 | Reuters
Bankrupt loan provider Finova Group Inc., which arranged a $6-billion bailout in March with Warren Buffett's Berkshire Hathaway Inc. and Leucadia National Corp., said it is prepared to review a $7-billion counteroffer from GE Capital, Goldman, Sachs & Co. and creditors. Scottsdale, Ariz.-based Finova, which filed for bankruptcy protection in March, said it had been contacted about a letter of intent a creditor group had entered into with GE Capital and Goldman Sachs.
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