By: Benzinga
February 01, 2013 at 16:09 PM EST
Leucadia Confirms Spin-Off Dividend of Crimson Wine
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,
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