NEW YORK--(BUSINESS WIRE)--Jefferies Financial Group Inc. (NYSE: JEF) today announced that it has closed its purchase of the remaining 30% that it did not already own of the outstanding shares of common stock of HomeFed Corporation (HomeFed), a developer and owner of residential and mixed-use real estate properties primarily in California and New York. Jefferies exchanged two shares of Jefferies common stock for each share of HomeFed’s common stock acquired by Jefferies. Jefferies’ CEO, Rich Handler, and President, Brian Friedman, stated, “We are pleased to have closed our acquisition of the balance of HomeFed common stock. As we have noted before, we believe this transaction makes good sense for Jefferies and HomeFed and will help us to maximize the value of HomeFed over time.”
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