Deals
Jefferies Increase Stake in Market Market KCG to 20%
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Jefferies Group LLC boosted its stake in KCG Holdings Inc. to 20 percent as the investment bank purchased an additional 6 million shares in the market maker it helped rescue in 2012.
Jefferies, a unit of Leucadia National Corp., acquired the shares for $11 each, bringing its total holding to 22.5 million shares, according to a regulatory filing today. Jersey City, New Jersey-based KCG was formed last year when Getco LLC merged with Knight Capital Group Inc.