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Jefferies Financial Group Inc. (JEF)

NYSE - Nasdaq Real-time price. Currency in USD
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24.35-0.75 (-2.99%)
As of 1:23PM EST. Market open.
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Trade prices are not sourced from all markets
Previous close25.10
Open24.84
Bid24.28 x 900
Ask24.28 x 800
Day's range23.85 - 25.00
52-week range11.20 - 27.06
Volume1,169,809
Avg. volume1,555,908
Market cap6.081B
Beta (5Y monthly)1.45
PE ratio (TTM)9.19
EPS (TTM)2.65
Earnings date24 Mar 2021 - 29 Mar 2021
Forward dividend & yield0.80 (3.19%)
Ex-dividend date11 Feb 2021
1y target est30.50
  • Hillman Is Said to Reach Deal With Tilman Fertitta’s Landcadia SPAC
    Bloomberg

    Hillman Is Said to Reach Deal With Tilman Fertitta’s Landcadia SPAC

    (Bloomberg) -- Construction hardware supplier Hillman Group Inc. has struck a $2.64 billion deal to merge with Landcadia Holdings III Inc., a blank-check firm led by Houston Rockets billionaire owner Tilman Fertitta and Jefferies Financial Group Inc.Investors led by Wells Capital Management and a fund managed by Columbia Threadneedle Investments will contribute $375 million in equity to support the transaction, according to a statement Monday that confirmed a Bloomberg News report.Cincinnati-based Hillman makes fasteners and other home improvement products. It has relationships with more than 38,000 companies, including Lowe’s Cos. and Home Depot Inc., according to its website. Private equity firm CCMP bought the company in 2014 from another such firm for $1.5 billion, according to a statement at the time.CCMP will remain the largest holder in the company, the statement said.“We looked at our options and obviously, private equity was an option, and we felt that this SPAC route was also an option,” Hillman Chief Executive Officer Doug Cahill said in an interview. “That could get us to market quicker.”He also said the company was set to benefit from a shift in how people think of their residences, now that so many are working from home.“It’s gone from a place where people would eat, sleep and watch TV -- now it’s school, it’s an office, it’s entertainment, it’s recreation,” he said. “We’ve always been focused on repair and remodel. We think the trends are very positive as we think forward.”Landcadia Holdings III Inc. raised $500 million last year to pursue a transaction in any industry. Fertitta is the SPAC’s chief executive and Jefferies CEO Rich Handler is president, with both men serving as co-chairmen. Jefferies is a co-sponsor of the SPAC.Fertitta, who has been involved in two other Landcadia SPACs, is in talks to take his casino and restaurant empire public through a merger with Fast Acquisition Corp., Bloomberg News has reported.(Updates to say deal is confirmed in first paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.

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  • Hillman in Talks to Go Public Via Fertitta, Jefferies SPAC
    Bloomberg

    Hillman in Talks to Go Public Via Fertitta, Jefferies SPAC

    (Bloomberg) -- Construction hardware supplier Hillman Group Inc. is in talks to go public through a merger with Landcadia Holdings III Inc., a blank-check firm led by billionaire Tilman Fertitta and Jefferies Financial Group Inc.’s Rich Handler, according to people with knowledge of the matter.The special purpose acquisition company, or SPAC, has held talks to raise new equity from investors to support the transaction, which is set to value the combined entity at more than $2 billion, said the people, who asked to not be identified because the matter isn’t public. A deal could be announced within weeks, they said.As no deal has been finalized, terms could change or talks could collapse. Private equity firm CCMP Capital Advisors owns Hillman.Representatives for Hillman, CCMP and Jefferies declined to comment. A representative for Fertitta didn’t immediately respond to a request for comment.Landcadia Holdings III rose as much as 10% on the news and was up 1.6% at 3:02 p.m. in New York on Friday.Cincinnati-based Hillman makes fasteners and other home improvement products. It has relationships with more than 38,000 companies, including Lowe’s Cos. and Home Depot Inc., its website shows. CCMP bought the company in 2014 from another private equity firm for $1.5 billion, according to a statement at the time.Landcadia Holdings III Inc. raised $500 million last year to pursue a transaction in any industry. Fertitta is the SPAC’s chief executive officer and Handler is president, with both men serving as co-chairmen. Jefferies is a co-sponsor of the SPAC.Fertitta, who has been involved in two other Landcadia SPACs, is in talks to take his casino and restaurant empire public through a merger with Fast Acquisition Corp., people familiar with the matter said this week.Read more: Fertitta’s Restaurant, Gaming Arm Said in SPAC Merger TalksThe building products sector has experienced a boom in dealmaking amid the Covid-19 pandemic. Workers subjected to lockdowns have increasingly looked to buy new, larger homes in the suburbs or renovate existing properties.(Updates with share price in fifth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.