Mueller Industries, Inc.
Exiting investments is nothing new for Leucadia National Corporation (NYSE: LUK). Over the years, Leucadia has been in and out of several different businesses and equity investments. Whether coincidental or by design, Leucadia has recently been in liquidation mode.
In the first quarter of this year, Leucadia sold 100 million shares of its approximately 130.5 million remaining shares in Fortescue Metals Group (ASX: FMG) for $506.5 million. This more »
Mueller Industries, Inc. (NYSE: MLI) in an amended 13G filing earlier this week announced plans to repurchase all 10,422,859 of the shares owned by Leucadia National Corp. (NYSE: LUK) for $41.00. The aggregate price comes in at $427,337,219 and represents Leucadia’s entire stake in Mueller. Muller traded around $48 prior to the announcement, but is down by 6% this week on the news.
Leucadia more »