Leucadia Starts Its Transition Toward a Financial Focus

Conglomerates are often under pressure to do something with various components of their businesses, and Leucadia National (NYSE: LUK)has felt pressure to do something with its widely varied assortment of business units. With key pieces of Leucadia including meat specialist National Beefand financial services giant Jefferies Group, the overall company can be hard to evaluate.

That's a big reason why Leucadia said earlier this month that it would make big strategic moves to refocus its efforts more squarely on financial services.