Homefed Corp New (HOFD) 56.7500 $HOFD
HomeFed Corporation Completes Initial Closing of Acquisition of Portfolio of Real Estate Assets from Leucadia National Corporation
Business Wire - Mon Mar 31, 8:07AM CDT
HomeFed Corporation ("HomeFed"
announced today that on March 28, 2014, it completed the initial closing of its acquisition of certain real estate subsidiaries and investments and cash of approximately $12.5 million (subject to post-closing adjustment) from Leucadia National Corporation ("Leucadia" in exchange for the issuance by HomeFed of 6,986,337 new unregistered shares of its common stock pursuant to a purchase agreement dated February 28, 2014. Upon the initial closing, Leucadia beneficially owns approximately 64% of HomeFed's outstanding shares of common stock. HomeFed expects to acquire from Leucadia the balance of the real estate investments under the February agreement in exchange for the issuance of 513,663 new unregistered shares of its common stock at a deferred closing, which is anticipated to occur following receipt of a third party consent during the second quarter of 2014. Upon consummation of the deferred closing, Leucadia will beneficially own approximately 65% of HomeFed's outstanding shares of common stock. Pursuant to a stockholders agreement with HomeFed, Leucadia has agreed to limit its voting rights such that it will not have a majority voting interest in HomeFed.
Uptrend Call Working As Homefed Stock Rises 72.1% (HOFD)
Comtex SmarTrend(R) - Wed Mar 05, 4:48PM CST
SmarTrend identified an Uptrend for Homefed (NASDAQ:HOFD) on March 15th, 2012 at $22.38. In approximately 24 months, Homefed has returned 72.07% as of today's recent price of $38.50.
Leucadia 2013 Earnings Down, Stake up in HomeFed - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Mar 03, 8:50AM CST
Leucadia reported net income of $369.2 million in 2013, down compared with $854.5 million in 2012. Earnings per share from continuing operations were $1.06, way below $3.53 recorded in 2012. Also, Leucadia announced it will increase its stake in HomeFed from 31% to 65%.
HomeFed signs agreement for portfolio of real estate assets from Leucadia National Corporation
M2 - Mon Mar 03, 6:01AM CST
US-based HomeFed Corporation (OTCMKTS:HOFD), that invests in and develops residential real estate projects, signed a definitive agreement with Leucadia National Corporation to acquire some of its real estate subsidiaries, investments and cash of about USD18.4m in return for the issue of HomeFed's 7.5m new unregistered shares of common stock to Leucadia.
HomeFed Corporation to Acquire Portfolio of Real Estate Assets from Leucadia National Corporation
Business Wire - Fri Feb 28, 2:23PM CST
HomeFed Corporation ("HomeFed" announced today that it has entered into a definitive agreement to acquire certain real estate subsidiaries and investments of Leucadia National Corporation ("Leucadia" and cash in the aggregate amount of approximately $18.4 million (subject to adjustment) in exchange for the issuance by HomeFed of 7.5 million new unregistered shares of its common stock to Leucadia. Upon the closing of the transaction, Leucadia will own approximately 65% of HomeFed's outstanding shares of common stock; however, Leucadia has agreed to limit its voting rights such that it will not have a majority voting interest in HomeFed. The terms and conditions of the transaction, including the definitive agreement, were negotiated and approved by a special independent committee of the Company's board of directors and ratified by the Company's board of directors. As part of its review and analysis of the acquisition, the independent committee received a fairness opinion from Duff & Phelps LLC, as its financial advisor.
Leucadia National Corporation to Increase Stake in HomeFed Corporation to 65% in Exchange for Real Estate Holdings and Cash
Business Wire - Fri Feb 28, 2:23PM CST
Leucadia National Corporation (NYSE:LUK)("Leucadia" announced today that it has entered into a definitive agreement for HomeFed Corporation ("HomeFed" to acquire certain of Leucadia's real estate subsidiaries, investments and $18.4 million in cash (subject to adjustment) in exchange for 7.5 million common shares of HomeFed to be newly issued to Leucadia. At December 31, 2013, the book value of Leucadia's assets to be acquired by HomeFed (including the cash) is approximately $178.5 million. Upon closing, Leucadia will own approximately 65% of HomeFed's outstanding common shares; however, Leucadia has agreed to limit its voting rights such that it will not have a majority voting interest in HomeFed.
HomeFed Corporation Completes Initial Closing of Acquisition of Portfolio of Real Estate Assets from Leucadia National Corporation
Business Wire - Mon Mar 31, 8:07AM CDT
HomeFed Corporation ("HomeFed"
announced today that on March 28, 2014, it completed the initial closing of its acquisition of certain real estate subsidiaries and investments and cash of approximately $12.5 million (subject to post-closing adjustment) from Leucadia National Corporation ("Leucadia" in exchange for the issuance by HomeFed of 6,986,337 new unregistered shares of its common stock pursuant to a purchase agreement dated February 28, 2014. Upon the initial closing, Leucadia beneficially owns approximately 64% of HomeFed's outstanding shares of common stock. HomeFed expects to acquire from Leucadia the balance of the real estate investments under the February agreement in exchange for the issuance of 513,663 new unregistered shares of its common stock at a deferred closing, which is anticipated to occur following receipt of a third party consent during the second quarter of 2014. Upon consummation of the deferred closing, Leucadia will beneficially own approximately 65% of HomeFed's outstanding shares of common stock. Pursuant to a stockholders agreement with HomeFed, Leucadia has agreed to limit its voting rights such that it will not have a majority voting interest in HomeFed. Uptrend Call Working As Homefed Stock Rises 72.1% (HOFD)
Comtex SmarTrend(R) - Wed Mar 05, 4:48PM CST
SmarTrend identified an Uptrend for Homefed (NASDAQ:HOFD) on March 15th, 2012 at $22.38. In approximately 24 months, Homefed has returned 72.07% as of today's recent price of $38.50.
Leucadia 2013 Earnings Down, Stake up in HomeFed - Analyst Blog
Zacks Equity Research - Zacks Investment Research - Mon Mar 03, 8:50AM CST
Leucadia reported net income of $369.2 million in 2013, down compared with $854.5 million in 2012. Earnings per share from continuing operations were $1.06, way below $3.53 recorded in 2012. Also, Leucadia announced it will increase its stake in HomeFed from 31% to 65%.
HomeFed signs agreement for portfolio of real estate assets from Leucadia National Corporation
M2 - Mon Mar 03, 6:01AM CST
US-based HomeFed Corporation (OTCMKTS:HOFD), that invests in and develops residential real estate projects, signed a definitive agreement with Leucadia National Corporation to acquire some of its real estate subsidiaries, investments and cash of about USD18.4m in return for the issue of HomeFed's 7.5m new unregistered shares of common stock to Leucadia.
HomeFed Corporation to Acquire Portfolio of Real Estate Assets from Leucadia National Corporation
Business Wire - Fri Feb 28, 2:23PM CST
HomeFed Corporation ("HomeFed"
announced today that it has entered into a definitive agreement to acquire certain real estate subsidiaries and investments of Leucadia National Corporation ("Leucadia" and cash in the aggregate amount of approximately $18.4 million (subject to adjustment) in exchange for the issuance by HomeFed of 7.5 million new unregistered shares of its common stock to Leucadia. Upon the closing of the transaction, Leucadia will own approximately 65% of HomeFed's outstanding shares of common stock; however, Leucadia has agreed to limit its voting rights such that it will not have a majority voting interest in HomeFed. The terms and conditions of the transaction, including the definitive agreement, were negotiated and approved by a special independent committee of the Company's board of directors and ratified by the Company's board of directors. As part of its review and analysis of the acquisition, the independent committee received a fairness opinion from Duff & Phelps LLC, as its financial advisor. Leucadia National Corporation to Increase Stake in HomeFed Corporation to 65% in Exchange for Real Estate Holdings and Cash
Business Wire - Fri Feb 28, 2:23PM CST
Leucadia National Corporation (NYSE:LUK)("Leucadia"
announced today that it has entered into a definitive agreement for HomeFed Corporation ("HomeFed" to acquire certain of Leucadia's real estate subsidiaries, investments and $18.4 million in cash (subject to adjustment) in exchange for 7.5 million common shares of HomeFed to be newly issued to Leucadia. At December 31, 2013, the book value of Leucadia's assets to be acquired by HomeFed (including the cash) is approximately $178.5 million. Upon closing, Leucadia will own approximately 65% of HomeFed's outstanding common shares; however, Leucadia has agreed to limit its voting rights such that it will not have a majority voting interest in HomeFed. 
