In a memorable scene from the best Batman movie — the 1966 one, obviously — the eponymous hero discovers a bomb, but is repeatedly stymied as he scrambles to find a place to dispose of it safely. The scene came to my mind when I read hedge fund manager Bill Ackman’s tweet on Sunday calling on investment banks leading the $2.4bn follow-on offering for Adani Enterprises to withdraw unless they gain clarity on the issues raised by short seller Hindenburg Research. The syndicate has nine Indian banks and one US bank — Jefferies.
NEW YORK, January 19, 2023--StemPoint Capital LP ("StemPoint"), a long-biased equity asset management firm dedicated to the global life sciences industry, today announced that it has entered into a strategic relationship with Leucadia Asset Management, a division of Jefferies Financial Group Inc. (NYSE: JEF). In connection with the transaction, Leucadia Asset Management will acquire a minority economic interest in StemPoint.
Zacks.com users have recently been watching Jefferies (JEF) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.