Leucadia Confirms Spin-Off Dividend of Crimson Wine
February 01, 2013 at 16:09 PM EST
The Board of Directors of Leucadia National Corporation (NYSE: LUK ) (“Leucadia”) today declared a pro rata dividend of all of the shares of common stock of its wholly-owned subsidiary, Crimson Wine Group, Ltd. (“Crimson”), which holds all of Leucadia's wine operations. The dividend will result in the separation of the two companies,