Jefferies Group Inc. agreed to be acquired by its biggest shareholder, Leucadia National Corp., in a $2.8 billion deal that the companies said would make the investment bank better able to weather market turmoil, Bloomberg News reported yesterday. Leucadia, which already holds about 28.6 percent of New York-based Jefferies, boosted its stake in November 2011 as Jefferies's stock slid during Europe’s sovereign-debt crisis. The combined company, to be led by Jefferies Chief Executive Officer Richard Handler, will help the investment bank guard against "market dislocations," the firms said.
