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FOR IMMEDIATE RELEASE Jefferies Announces Completion of Strategic Investment by MassMutual NEW YORK--(BUSINESS WIRE)--Feb. 21, 2006--Jefferies Group, Inc. (NYSE: JEF) today announced the closing on February 17 of the previously announced agreement in principle with Massachusetts Mutual Life Insurance Company ("MassMutual") for MassMutual to purchase in a private placement $125 million of Series A convertible preferred stock of Jefferies. About Jefferies Jefferies, a global investment bank and institutional securities firm, has served growing and mid-sized companies and their investors for over 40 years. Headquartered in New York, with more than 25 offices around the world, Jefferies provides clients with capital markets and financial advisory services, institutional brokerage, securities research and asset management. The firm is a leading provider of trade execution in equity, high yield, convertible and international securities for institutional investors and high net worth individuals. Jefferies & Company, Inc. is the principal operating subsidiary of Jefferies Group, Inc. (NYSE: JEF; www.jefferies.com). CONTACT: SOURCE: Jefferies & Company, Inc. |
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