Jefferies Shares Fall 3.1% as Management Cites Hildene/SILAC Deal

Jefferies Financial Group shares fell 3.1% Oct. 19 as management used an investor-day presentation to describe a pending Hildene/SILAC transaction as a way to reduce risk and volatility in asset management. Management focused on the transaction’s expected effect on the business. The deal remained pending at the time, so the lower-risk outcome was a stated goal rather than a completed change. Recent declines in Jefferies shares followed losses associated with the collapses of First Brands and Market Financial Solutions. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost