The Los Angeles securities firm Jefferies Group...
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The Los Angeles securities firm Jefferies Group Inc. said it joined employees in purchasing the 9% stake of its common stock owned by Primerica, a financial services firm that also owns the Smith Barney, Harris Upham brokerage. A Jefferies official said there were no developments that precipitated the transaction. However, Primerica still holds Jefferies convertible debentures.
