Leucadia National Corporation has sold its interest in MCI stock for an aggregate pre-tax gain of
approximately $20 million (inclusive of dividends received). Leucadia said the sale of MCI stock should not be interpreted to mean that it is no longer interested in acquiring control of MCI, but that no assurance could be given that it would pursue the issue either. http://www.leucadia.com
- In July 2004, Leucadia National Corporation, a holding company involved in a variety of businesses, is seeking clearance from the Federal Trade Commission (FTC) and the Department of Justice (DoJ) to acquire at least 50% of MCI’s common stock.
- Last year, Leucadia National Corporation acquired full control of WilTel Communications following its emergence from bankruptcy protection.